The dollar is inching up ahead of the jobs report

The dollar is slightly stronger ahead of the latest jobs report in America.

The US Dollar Index is up by 0.1% at 95.79 as of 7:14 a.m. ET.

The latest jobs report will be out at 8:30 a.m. ET. Investors will be keeping their eyes open to see if the labor market data could raise expectations of a Fed rate hike sooner rather than later.

Via Bloomberg, here's what Wall Street is expecting for this report:

• Nonfarm payrolls:+180,000
• Unemployment rate: 4.8%
• Average hourly earnings month-on-month: +0.2%
• Average hourly earnings year-on-year: +2.5%
• Average weekly hours worked: 34.5
• Change in manufacturing payrolls: -4,000

Check out Akin Oyedele's full coverage of the report here.

Separately, the US dollar continues to dominate foreign-exchange trading. Triannual data released by the Bank for International Settlements showed the US dollar "was on the one side of 88% of all trades in April 2016, up slightly from 87% in April 2013."

As for the rest of the world, here's the scoreboard as of 8:03 a.m. ET:

• The British pound is down 0.1% at 1.3255 against the dollar. Earlier, construction PMI came in at 49.2, substantially above July's 45.9 print. And while the sector remains in contraction, the reading showed the data to be stabilizing after the UK's vote to leave the European Union.
• The South Korean won finished up 0.2% at 1,116.27 per dollar after the country's economy expanded at 0.8% quarter-over-quarter in Q2, above expectations of 0.7%.
• The Japanese yen is down 0.3% at 103.48 per dollar.
• The Russian ruble is up 0.3% at 65.7031 per dollar.
• The euro is little changed at 1.1193 against the dollar.

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