The US dollar fell on Wednesday, but remained near its highest level in two weeks, ahead of key employment data, while the euro headed lower after weak German factory orders.
The dollar index, which tracks the greenback against a basket of six other currencies, fell 0.1% at 103.925, after rising 0.3% overnight.
The index rose 0.5% this month, after falling 3% in November, its largest monthly decline in a year.
Recent data generally point to a slowdown in the US economy, although signs still point to a possible soft landing.
A report yesterday showed that job opportunities in the United States fell to their lowest levels in more than two-and-a-half years in October, the strongest signal yet that rising interest rates are weakening demand for workers.
The labor market will remain in focus on Wednesday, as the ADP employment report will be released later in the day, and the monthly payroll report will be released on Friday.
2023-12-06 14:35:47
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