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2026.07.0101:52:49UTC+00Dollar Edges Higher as Jobs Report Looms

The dollar index climbed to around 101.3 on Wednesday, recovering losses from earlier in the week as investors awaited the latest US monthly jobs report for clearer signals on labor market strength and the Federal Reserve’s policy outlook. The greenback also found support in rising Treasury yields, with the benchmark 10-year yield advancing about 10 basis points in the previous session.

Data released on Tuesday showed that US job openings increased to a two-year high in May, suggesting labor demand remains robust despite signs of cooling in overall hiring. Futures markets are now pricing in at least one Fed rate increase this year, with the first move potentially coming as soon as September.

At the same time, investors continued to track US–Iran peace talks in Qatar amid hopes for a durable ceasefire, though the two sides were not expected to engage in direct negotiations.

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