Dollar ascendant as focus turns to jobs data - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The dollar was strongly poised on Friday, buoyed by a chorus of hawkish Federal Reserve speakers and as investors bet a solid jobs data later in the day will keep the world’s biggest central bank on its aggressive tightening path to tame inflation.

The rising greenback pushed the pound and the euro off their intra-week highs in early Asia trade, which also saw a break of 145 per dollar again for the Japanese yen.The rising greenback pushed the pound and the euro off their intra-week highs in early Asia trade, which also saw a break of 145 per dollar again for the Japanese yen.

“The rhetoric coming from Fed speakers has been very clear in terms of this hawkish message,” said Rodrigo Catril, a currency strategist at National Australia Bank. All eyes now turn to the US non-farm payrolls report due later on Friday, with economists forecasting 250 000 jobs to have been added last month, compared with 315 000 in August.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol let's watch it collapse soon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines