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Dollar Index Steadies Under 104 Mark Ahead Of Key Jobs Data
08-Dec-23   11:03 Hrs IST

The dollar index is steadying under 104 mark keenly awaiting much awaited non-farm data due later in the global day for further guidance ahead of Federal Reserve meeting next week. Currently, the dollar index that measures the greenback against a basket of currencies is quoting at 103.62, up 0.11% on the day. Meanwhile, data overnight showed, he Labor Department released a report showing a slight uptick in first-time claims for U.S. unemployment benefits in the week ended December 2nd. The report said initial jobless claims ticked up to 220,000, an increase of 1,000 from the previous week's revised level of 219,000. Among the basket currencies, EURUSD and GBPUSD are staying subdued ahead of crucial data at $1.0789 and $1.2592 respectively.

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