Dollar near two-week high as U.S. jobs data watched for Fed clues [CNBC]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: CNBC
The dollar index, which measures the U.S. currency against six major peers, was little changed at 91.311 on Thursday. The dollar bought 109.375 yen, consolidating after rallying as high as 109.695 on Monday, a level not seen since April 13. In this article The dollar hovered near a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic, with traders weighing whether a lift in inflation may force the Fed’s hand earlier than policymakers have so far suggested. The Canadian dollar traded near a three-year high, buoyed by oil price gains, while the Aussie slipped amid a deterioration in Australia’s relationship with China. Cryptocurrency ether was close to a record high after setting new all-time peaks in each of
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