The U.S. dollar rose to just below
The euro was quoted at
The dollar inched up ahead of the release of the July report on the U.S. labor market, which some economists expect to show that employers added to nonfarm payrolls by more than 200,000 for the sixth straight month.
The U.S. unemployment rate is likely to stay near last month's 6.1 percent, the lowest since 2008, putting the focus on whether wages reflected the recent apparent rally in the jobs market, dealers said.
"If the numbers are strong all around, the dollar should settle above
A boost in wages may also fuel speculation that the U.S. Federal Reserve may raise its benchmark interest rate sooner than previously thought.
The Fed's policy committee reiterated Wednesday that it will keep the rate at near zero for some time, but Chair
The euro fell slightly against the dollar in
"The euro remains on a downtrend," said
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