Dollar Rebound Hinges on NFP Report as Markets Go into Wait-and-See Mode

The markets are in wait-and-see mode ahead of today's US Non-Farm Payrolls report, which is set to be released alongside the Canadian employment data. The US Dollar has been weakening recently, but technical indicators on the daily chart still suggest a potential rebound.

A stronger-than-expected NFP report could revive Dollar buying, while another weak reading may reinforce expectations of a more dovish Federal Reserve. Equities remain well supported, with investors holding onto recent gains, in contrast to cryptocurrencies, which continue to struggle.