Dollar steady as market braces for U.S. jobs report

Friday, 5 July 2019 08:46 WIB

DOLLAR Indeks Dolar Euro


The dollar was steady on Friday as traders held off on making big bets ahead of the closely-watched U.S. non-farm jobs report that could influence the course of near-term Federal Reserve policy.

The dollar index .DXY against a basket of six major currencies stood little changed 96.754, having spent the previous day in a tight range as the U.S. financial markets were closed for the Independence Day holiday.

The index had fallen to a three-month trough of 95.843 last week as U.S. Treasury yield slumped to 2-1/2-year lows on expectations the Fed would cut interest rates this year, starting as early as this month.

The focus was now on whether Friday's U.S. jobs report will help make or break the case for a rate cut later in July.

The euro was steady at $1.1283 EUR= and headed for a weekly loss of 0.75%. A drop in euro zone government bond yields to record lows this week, in sympthy with the global debt rally, has weighed on the single currency.

Source : Reuters




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