USD Stable Ahead of These 3 Data Releases!

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 Heading into the European session, the US dollar regained support to recover from the decline recorded in the Asian session.


Investors' focus today will be on the US home price index (HPI), consumer confidence and job opening report (JOLTS) data in the New York session.


The three data may be the next driver for the US dollar which has exhibited a dismal performance at the beginning of the week.


At the time of writing, the dollar index which measures the strength of the greenback against a group of other major currencies is at around 104.08.


During the Asian trading session, Japan's unemployment rate rose to 2.7% in July from 2.5% in June.



At the same time, the annual economic report showed widening price and wage increases in Japan since spring 2022, signaling the country has reached a turning point in its 25-year fight against deflation.


The yen traded flat at a nine-month low at around 146.50 against the greenback.


Meanwhile, the euro and the pound remain stuck around lows after failing to find support to rally against the US dollar.


Meanwhile, the Aussie dollar traded little changed as investors now focused on the release of Australian inflation data for August.

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