Dollar wavers as traders await U.S. jobs update

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – The dollar wobbled toward its first steady week in three on Friday as traders looked to U.S. jobs data 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 dollar rose through the early part of the week on nerves that record high inflation in Europe was a harbinger of sharply higher rates everywhere. But it fell on Thursday and stocks rallied as mixed U.S….

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