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Dollar steadies ahead of US jobs data
The dollar's price stabilized ahead of the release of U.S. employment data, amid increasing tensions in the Middle East that have led to expectations of rising inflation and interest rates. Against the backdrop of escalating conflict, the dollar index and its futures remained steady, while other currencies like the euro and the British pound experienced relative stability. All eyes now turn to the non-farm payrolls report for May, which could provide crucial insights into the trajectory of the U.S. economy and future interest rate policies.
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