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The dollar index fell below 101 on Friday, pausing a five-session rally that had taken the greenback to July highs. A modest decline in oil prices, amid signs that US and Iranian negotiators may be exploring a phased agreement to reopen the Strait of Hormuz, provided some relief to investors concerned about inflationar
Friday's August employment report may decide whether the Fed pauses or raises rates on Sept. 16, with CME FedWatch pricing a 50-50 split. Economists expect 56,000 jobs added, unemployment at 4.1% and hourly earnings up 0.3% month on month.