On June 5, as the U.S. non-farm employment data is about to be released and uncertainty regarding the war with Iran remains high, the dollar has seen a slight decline. Michael Pfister from Deutsche Bank stated in a report that after months of weak job growth, the labor market appears to be stabilizing, and Friday's data may exceed expectations, with an increase of 100,000 jobs in May. 'The key factor for the dollar is to what extent this data enhances market expectations for further interest rate hikes.' Meanwhile, U.S. President Trump stated that the U.S. does not need to reach an agreement with Iran to obtain the country's enriched uranium, while Hezbollah rejected a U.S.-backed ceasefire agreement between Israel and Lebanon. The DXY dollar index fell by 0.6% to 99.352, although it remains close to the nearly two-month high of 99.552 reached on Wednesday.
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Dollar Slightly Declines Ahead of U.S. Employment Data Release
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