The dollar is sliding

dollar is sliding ahead of Friday’s jobs eport.

The US dollar index is down by 0.2% at 95.59 as of 7:24 a.m. ET.

Economists forecast that the US economy added 180,000 nonfarm jobs in July, and that the unemployment rate dipped to 4.8%.

And what the data says about the US economy will become increasingly significantly as we get closer to the presidential election in November, as Business Insider’s Akin Oyedele noted.

Head over here for everything you need to know about Friday’s jobs report.

As for the rest of the world, here’s the scoreboard as of 12:06 p.m. ET.

  • The British pound is up by 0.4% at 1.3165 against the dollar. Separately, Goldman Sachs said it may have to “restructure” parts of its UK business in the post-Brexit environment.
  • The euro is up by 0.2% at 1.1157 against the dollar. Spanish industrial production came in at 0.8% year-over-year in June, below expectations of an increase to 1.6%. Meanwhile, Italian industrial production fell 1.0%, below expectations of an increase of 1.0%.
  • The Japanese yen is up by 0.2% at 101.05 per dollar.
  • The Russian ruble is stronger by 0.7% at 65.3222 per dollar.

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