The U.S. dollar is near a two-week high as markets await key economic data, particularly the Non-Farm Payroll report, which could influence the Federal Reserve's rate decisions.
A weaker NFP report may heighten expectations for a larger interest rate cut, while a slight decrease in the unemployment rate could bolster the dollar and Treasury yields.
The ISM Manufacturing PMI is expected to show slight improvement in August following July's steep decline, indicating fluctuations in U.S. factory activity.
While factory activity may contract, the Services sector remains resilient, suggesting a potential divergence in economic performance amidst these upcoming data releases.
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