The dollar is weak against a basket of currencies this morning ahead of the release of non-farm payrolls later today.
The report is expected to show that 150,000 jobs were added to the US economy in January, down from 199,000 in December. Expectations are fairly low, especially as the recent ADP jobs report, which looks at the private sector, revealed that jobs were cut in January.
Unemployment figures will also be released this afternoon and both reports will give an indication of how the US economy performed in January. As the Omicron variant was still prevalent in the US last month, this could have a bearing on the data.
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