KONTAN.CO.ID - TOKYO. 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 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.
FOREX-Dollar steady as market braces for U.S. jobs report
KONTAN.CO.ID - TOKYO. 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 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.