GBP/USD forecast: Attention shifts to US jobs report
US Dollar Regains Strength Amid Market Shifts
After failing to maintain its previous gains, the US dollar rebounded today as market participants responded to recent events in Venezuela. Focus soon returned to economic indicators, with the ISM manufacturing report falling short of expectations. Despite this, the dollar managed a modest recovery, supported by a weaker euro following subdued German inflation data. Meanwhile, the British pound faced resistance above 1.3550 against the dollar, retreating to near 1.3500 as investors awaited significant US economic reports set to be released this week. Seasonal trends and slight improvements in US economic figures, such as GDP and non-farm payrolls observed late last year, are also influencing market sentiment.
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