Pound steadies despite dollar decline
The U.S. dollar was negatively impacted after comments favoring monetary easing made by Federal Reserve Board member Christopher Waller, which reduced the likelihood of interest rate hikes in September. As a result, the British pound rose against the dollar to reach 1.3545, while the euro registered small gains, reaching 1.1628. The market is now awaiting the non-farm payrolls report expected to be released today, which could influence the trajectory of U.S. monetary policy. Expectations are for roughly 55,000 new jobs to be added, with the unemployment rate remaining steady at 4.1%.
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