Dollar Trades Flat as US Jobs Report AwaitedEpoch Times, United States politics | The Epoch Times

LONDON—The dollar traded flat against major currencies on Friday ahead of a U.S. non-farm payrolls report expected to provide traders with further clues on the pace of the Federal Reserve’s policy normalisation. The U.S. Dollar Currency Index, which measures the dollar against a basket of six peers, rose 0.1 percent to 94.338, last trading unchanged at 94.164. “The dollar will trade soft into the payrolls,” said Neil Jones, head of FX sales, financial institutions at Mizuho Bank. “The market is running long and reducing ahead of event risk in the face of mild pro-risk higher asset prices.” The dollar gained 0.3 percent to 111.96 yen, and touched 111.975, the highest level this month, helped by higher Treasury yields, with the benchmark 10-year bond hitting 1.6010 percent for the first time since June 4. Jones said he expected the yen to weaken to 115 yen per dollar by the end of …Read More

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