India, July 2 -- The U.S. Dollar value edged lower after analysts trimmed their expectations of any near-term interest rate hike by the U.S. Federal Reserve while the U.S. nonfarm payrolls data release today indicated a cooling labor market.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 100.85, down by 0.55 (or 0.54%) today.
While against the Euro, USD was trading at 1.143, down by 0.49%, against the GBP, it was trading at 1.334, down by 0.54%.
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