Dollar firm, market awaits U.S. jobs report for Fed clues

TOKYO - The dollar was firm on Friday but traders held off on making big bets ahead of the closely-watched U.S. non-farm jobs report that could influence the course of near-term Federal Reserve policy.

The index had fallen to a three-month trough of 95.843 last week as U.S. Treasury yield slumped to 2-1/2-year lows on expectations the Fed would cut interest rates this year, starting as early as this month. “The dollar has been closely moving in correlation with U.S. yields and today will be no exception, with the bond market’s reaction to the jobs report likely determining the direction of currencies,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.The dollar was flat at 107.850 yen

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

This couple's blind date led to a marriage — and a multimillion-dollar companyDawn and Steve Kelley's blind date led to both a marriage and the co-ownership of an almond butter company.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

European stocks set for modest rise as Fed rate cut expectations growEuropean stocks are seen opening cautiously higher Thursday after weaker-than-expected U.S. economic data gave investors cause to anticipate that the Federal Reserve will cut interest rates. Should the Fed stop charging interest on reserves?
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »