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Dollar declines ahead of US inflation data
The dollar retreated after early gains following the release of US jobs data that came in better than expected. The US economy added 162,000 jobs in August, surpassing the forecast of 56,000 jobs, while the unemployment rate remained steady at 4.1%. The market is now awaiting inflation data scheduled for next week, which will determine the direction of US interest rates, with expectations of inflation slowing to 2.4% annually in August. In the currency market, the dollar index rose slightly, while the euro and yen declined, amid anticipation of the Federal Reserve's monetary policy guidance.
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