Dollar set for weekly loss as key jobs data looms; PBOC move buoys yuan

Published by
Reuters UK

By Kevin Buckland TOKYO (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 st…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.