Analysts: A weak labor market may limit the dollar's rise, investors are taking a wait-and-see approach

According to Jinshi News, Rania Gule, an analyst at XS.com brokerage, stated that the current rise of the dollar may be limited and only temporary unless Friday's non-farm payroll report exceeds expectations.

She pointed out that the dollar is "in a vulnerable position," and any signs of further weakness in the labor market could push it lower. Despite recent weak data, the dollar has still seen a slight increase, reflecting investors' preference to hold positions and wait for clearer prospects.