A weak labor market may limit the rise of the dollar, and investors are holding a wait-and-see attitude.

ChainCatcher news: According to Jin10, analyst Rania Gule from XS.com brokerage firm stated that unless Friday’s non-farm payroll report comes in stronger than expected, the dollar’s current gains are likely to be limited and only temporary. She pointed out that the dollar is currently “in a fragile position,” and any signs of further weakness in the labor market could push it lower. Despite recent weak data, the dollar has still risen slightly, reflecting investors’ preference to hold positions and await clarity on the outlook.