US Dollar Gains as Market Anticipates Key Economic Data and Legal Ruling

Dollar Strengthens Against Major Currencies

The US dollar experienced a rise in early Asian trading on Friday as investors awaited two significant developments: the upcoming US employment data and the Supreme Court's decision regarding presidential authority over tariffs. The dollar index, a measure of the currency's strength against a basket of six major currencies, increased by 0.2% to reach 98.883. This movement represents the dollar's third consecutive day of strengthening.

Market Drivers: Employment Data and Tariff Ruling

Market participants are currently focused on two key factors: the imminent release of US employment figures and the forthcoming Supreme Court ruling on President Donald Trump's tariff authority. These events are expected to potentially influence market sentiment and currency valuations. The dollar's recent gains reflect investor caution ahead of these significant economic and legal developments.