DXY Steady Near 100.00 as Markets Await US Jobs Data

The United States Dollar Index (DXY) is holding steady near the 100.00 level during the Asian session on Friday. Market participants are bracing for the release of the closely-watched US monthly jobs report, which is expected to drive near-term dollar direction.

Bulls are on the sidelines as they await the Non-Farm Payrolls data, while concerns over Iran-related geopolitical risks add to the cautious tone. The DXY, which measures the greenback against a basket of major currencies, has been consolidating after recent moves.

The outcome of the jobs report will be critical for Federal Reserve rate expectations and could trigger a breakout from the current range.