Watch out! NFP Comes to Shake the Market

<p>&nbsp;The US dollar moved flat as investors took a cautious approach ahead of the release of US NFP jobs data.</p><p><br /></p><p>The US economy is expected to add 169,000 jobs in August, down slightly from the 187,000 recorded in the previous month.</p><p><br /></p><p>While the unemployment rate is projected to remain unchanged at 3.5% as recorded in July.</p><p><br /></p><p>Following the NFP, the PMI data from the ISM survey will be published which will be an indicator of the health of the US economy next.</p><p><br /></p><p>Against most major currencies, the dollar index, which measures the strength of the greenback, traded at 103.55 in the European session.</p><p><br /></p><p><br /></p><p>In addition to data from the US, investors will also be treated to Canada's gross domestic product (GDP) report for June, which is sure to trigger a drastic move in the dollar loonie.</p><p><br /></p><p>For now, the strengthening in crude oil prices is helping the currency to trade stronger against the US dollar.</p><p><br /></p><p>Turning to other currency movements, the Aussie and New Zealand dollars traded flat even after China reportedly stepped up support to stimulate its economy.</p><p><br /></p><p>Meanwhile, the euro and pound were little changed, with prices seen slightly higher ahead of tonight's US NFP data.</p><p><br /></p><p>Meanwhile, the yen hit a weekly high below 145.50, weighed down by US 10-year bond yields falling to a two-week low.</p>