Dollar Dips, Stocks Waver Ahead of Pivotal US Jobs Report

The US dollar weakened, and US stock futures declined as traders awaited US jobs data that could influence the Federal Reserve`s interest-rate decision this month. A weaker-than-expected jobs report might lead the central bank to implement a larger interest rate cut. Market sentiment is bearish for the US dollar, with significant anticipation surrounding the jobs data release. While a smaller rate cut remains the predominant expectation, a larger cut is possible if the data disappoints. The yen is poised for potential gains against the dollar, particularly if the unemployment rate rises.