Dollar hovers near 8-week low as payrolls test looms





On Friday, the dollar remained near an eight-week low, with investors eagerly awaiting a significant U.S. jobs report that could offer insights into the Federal Reserve's potential timing for interest rate adjustments.


Meanwhile, the euro maintained its overnight gains following the European Central Bank's anticipated rate reduction. However, the ECB's cautious stance on future easing, influenced by persistent inflation concerns, left the outlook uncertain.


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