The weak labor market may limit the rise of the dollar, and investors are taking a wait-and-see approach

According to Jin10, 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 is stronger than expected. She pointed out that the dollar is "in a fragile position," and any signs of further weakness in the labor market could push it lower. Despite the recent weak data, the dollar has still seen a slight increase, reflecting that investors are more inclined to hold positions and wait for clarity on the outlook.