KONTAN.CO.ID - TOKYO. The dollar hovered near two-week lows against a basket of currencies on Tuesday with trade seen driven by month-end flows as investors looked ahead to U.S. jobs figures later in the week. The U.S. currency steadied from falls after Federal Reserve Chair Jerome Powell on Friday offered no signal on when the central bank plans to cut its asset purchases beyond saying it could be "this year." "The payroll data will be the next highlight given the focus on the Fed's taper. A strong reading will boost expectations the Fed will give markets prior notice in September before a formal decision in November," said Yukio Ishizuki, senior strategist at Daiwa Securities.
Dollar near 2-week low as investors look to U.S. jobs data
KONTAN.CO.ID - TOKYO. The dollar hovered near two-week lows against a basket of currencies on Tuesday with trade seen driven by month-end flows as investors looked ahead to U.S. jobs figures later in the week. The U.S. currency steadied from falls after Federal Reserve Chair Jerome Powell on Friday offered no signal on when the central bank plans to cut its asset purchases beyond saying it could be "this year." "The payroll data will be the next highlight given the focus on the Fed's taper. A strong reading will boost expectations the Fed will give markets prior notice in September before a formal decision in November," said Yukio Ishizuki, senior strategist at Daiwa Securities.