Dollar Wavers ahead of NFPs, Is Volatility Guaranteed?

Though there is notable event risk ahead for the US dollar (namely, the June payroll numbers); the currency hasn’t been in command of its own volatility and bearings over the past 24 hours. While a simple, academic approach would have it that a jump in the number of jobs should lead to an equivalent rally for the benchmark currency, the markets don’t operate under such a rudimentary model.

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