US dollar fell in European trade against a basket of major rivals for the fourth session to week lows, ahead of crucial labor data. 

The dollar index fell 0.35% to 96.81, the lowest since June 24, after closing down 0.25% yesterday, the third loss in a row. 

Strong industrial and services data around the world, especially China and Europe, in addition to optimism about a new vaccine candidate for Covid 19 with promising results, all hurt the haven appeal of the greenback. 

From the US, non-farm payrolls are expected up 3.037 million in June, while average earnings are expected down 0.8%, as the unemployment is expected down to 12.4% from 13.3%. 

Unemployment claims for the week ending June 26 are expected down 130K to 1.35 million, while continuing claims for the week ending June 20 are expected down 522K to 19 million. 

US goods trade deficit is expected up to $53 billion from $49.4 billion, while factory orders are expected up 8.6%. 

The Federal Reserve released the minutes of its June 9-10 meeting, at which policymakers voted to maintain rates at near zero. 

The Fed expects rates to be maintained at zero until 2022 and for the US economy to contract by 6.5% in 2020 and for unemployment to reach 9.3% by the end of 2020.

Asian stock indices opened the second session of July higher amid hopes for a possible new vaccine candidate by Pfizer which showed promising results, however the results aren't peer-reviewed yet. 

Earlier Australian data showed trade surplus up to 8.03 billion Australian dollars from 7.83 billion in April. 

Japan's TOPEX rose 0.6%, while Nikkei 225 advanced 0.36% to 22,201. 

China's CSI 300 rallied 1.17% to 4,297, while Shanghai gained 1.16% to 3,061. 

Hong Kong's Hang Seng rose 1.32%, while South Korea's KOSPI added 0.83% to 2,124. 

New Zealand's rose 0.89%, while Australia's S&P/ASX 200 rallied 1.34% to 6,014. 

Gold futures titled lower in Asian trade off September 2011 highs while the dollar index lost ground as well, ahead of US labor data, and amid hopes for a possible new vaccine candidate by Pfizer which showed promising results. 

As of 04:30 GMT, gold futures due in August shed 0.11% to $1,777 an ounce, while the dollar index shed 0.06% to 97.08. 

From the US, non-farm payrolls are expected up 3.037 million in June, while average earnings are expected down 0.8%, as the unemployment is expected down to 12.4% from 13.3%. 

Unemployment claims for the week ending June 26 are expected down 130K to 1.35 million, while continuing claims for the week ending June 20 are expected down 522K to 19 million. 

US goods trade deficit is expected up to $53 billion from $49.4 billion, while factory orders are expected up 8.6%. 

The Federal Reserve released the minutes of its June 9-10 meeting, at which policymakers voted to maintain rates at near zero. 

The Fed expects rates to be maintained at zero until 2022 and for the US economy to contract by 6.5% in 2020 and for unemployment to reach 9.3% by the end of 2020.

Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin both testified ahead of Congress, with Powell stating that controlling the coronavirus pandemic is vital to restore confidence in the economy, with the Fed preparing a new stimulus package in July. 

Congress has put up $3 trillion so far in stimulus for households and small businesses, while the Fed launched support programs surpassing a trillion dollars to support household and corporate credit markets. 

White House chief medical adviser Anthony Fauci warned that cases of Covid 19 might reach 100,000 a day if attitudes weren't changes.

The World Health Organization recently warned "the worst hasn't come yet" in the pandemic, as it continues to accelerate and spread.

USD/JPY tilted higher in Asian trade amid a lack of data from Japan and ahead of US labor data, amid hopes for a possible new vaccine candidate by Pfizer which showed promising results. 

As of 06:15 GMT, USD/JPY rose 0.01% to 107.48, with an intraday high at 107.56. 

From the US, non-farm payrolls are expected up 3.037 million in June, while average earnings are expected down 0.8%, as the unemployment is expected down to 12.4% from 13.3%. 

Unemployment claims for the week ending June 26 are expected down 130K to 1.35 million, while continuing claims for the week ending June 20 are expected down 522K to 19 million. 

US goods trade deficit is expected up to $53 billion from $49.4 billion, while factory orders are expected up 8.6%. 

The Federal Reserve released the minutes of its June 9-10 meeting, at which policymakers voted to maintain rates at near zero. 

The Fed expects rates to be maintained at zero until 2022 and for the US economy to contract by 6.5% in 2020 and for unemployment to reach 9.3% by the end of 2020.

Fed Chair Jerome Powell and Treasury Secretary Steven Mnuchin both testified ahead of Congress, with Powell stating that controlling the coronavirus pandemic is vital to restore confidence in the economy, with the Fed preparing a new stimulus package in July. 

Congress has put up $3 trillion so far in stimulus for households and small businesses, while the Fed launched support programs surpassing a trillion dollars to support household and corporate credit markets.