The dollar edged up against the yen ahead of
U.S. jobs data.With the mood on the global stock markets broadly
buoyant, the commodity bloc of currencies led by the Australian and
Canadian dollar were all around 0.2 percent higher.
Sterling was
down 0.2 percent but still looking stable, around a cent above this
week’s lows against the dollar and half a penny off Wednesday's 2-1/2
month low against the euro.
The dollar hit 111.680 yen , in early trade in Asia before slipping back
to 111.590, a 0.2 percent gain on the day. It was around 0.1 percent
weaker at $1.1225 per euro.
The past fortnight has been the
worst in over a year for the dollar bill against the euro and the basket
of currencies used to measure its broader strength, a reflection of
shakier U.S. economic data and concerns over the Trump's
administration's ability to deliver a substantial boost to growth.
It has been rallying off and on for the best part of two
years on the assumption that U.S. interest rates would continue to rise
while those in Japan and Europe stayed below zero.
Yet while markets have fully priced in another Fed hike in two weeks, expectations for the rest of the year are now minimal.
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