Dollar set for weekly loss as key jobs data looms

September 01, 2023 / 9:55 AM
Sharjah24 - Reuters: The dollar was on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly U.S. jobs report that is likely to inform the path for Federal Reserve policy over the near term.
The U.S. currency dipped to a one-week low against the yen, weighed down by slumping Treasury yields, after a volatile week when overall soft economic data tempered the outlook for further Fed rate hikes.

However, the greenback held on to gains made against the euro and sterling overnight after officials at the respective central banks struck more dovish postures ahead of policy meetings this month.
September 01, 2023 / 9:55 AM

Related Topics

More on this Topic

Rotate For an optimal experience, please
rotate your device to portrait mode.