The stability of the US dollar in anticipation of the monthly jobs data

The US dollar stabilized during the European market on Friday within a limited range of trade against a basket of major and minor currencies, with the anticipation of monthly jobs data from the United States , which is expected to provide new sign about the timing of the Federal Reserve to raise interest rates, and the US economy awaits several important data about the trade balance and services and industry sectors .

By the time 11:35 GMT, the dollar index is trading around the level of 95.55 points from the opening level of 95.50 points, and recorded the highest level of 95.63 points and 95.46 points as the lowest level.

Index closed trading yesterday, up by 0.2 percent, resuming its gains after a stopover before yesterday within the breathtaking operations, and data released yesterday in the United States showed a rise in new jobs in the private sector through May and lower jobless claims for the third consecutive week.

The index has increased by 3 percent over the trading month of May last, the biggest monthly gain since November 2015, due to the acceleration of buying the US currency operations against most major and minor currencies in light of the strong outlook for the onset of the Federal Reserve to raise US interest rates in One of June current or next July meetings.

And Janet Yellen president of the Federal Reserve said last week that an increase in interest rates may be appropriate in case of continued economic strong growth of the country and continued improvement in the labor market.

In order to re-evaluate the expectations of higher interest rates and measure the extent of improved US labor market investors awaiting later in the day the monthly Non-Farm jobs data, and the unemployment rate.

By 12:30 GMT issued non-farm sector jobs data and is forecast to add for the largest economy in the world 159 thousand new jobs in May, compared with 160 thousand jobs in April, with the unemployment rate down to the level of 4.9% from the rate of 5.0%.

Also data on the trade balance will be released, and the expected a deficit by 41.2 billion dollars in April from the deficit of $ 40.4 billion in March.

And the services sector will release the final reading of the service PMI _ for the month of May, and is expecting the same initial reading at the level of 51.2 points , and expected reading of the service supply Institute index 55.4 points last month from 55.7 points in April.

And the industrial sector will release US factory orders are data, and expected to rise 1.8 percent in April from 1.1 percent rise in March.