Dollar wavers as traders await US jobs update - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The dollar wobbled toward its first steady week in three on Friday as traders looked to US jobs data later in the day for clues as to how far and fast the Federal Reserve might raise interest rates.

Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that.

The risk-sensitive Australian and New Zealand dollars each rose more than 1% overnight, tracking gains in stocks. The dollar index was 0.1% lower at 101.660 in early trade on Friday and is flat for the week – pausing a decline,following two consecutive weekly losses of more than 1%. The Japanese currency was steady at 129.80 per dollar on Friday and has lost 2% on the dollar this week.

 

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