TOKYO, Sept 1 — The dollar was on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly US jobs report that is likely to...
TOKYO, Sept 1 — The dollar was on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly US jobs report that is likely to inform the path for Federal Reserve policy over coming months.
Elsewhere, the Chinese yuan strengthened after the nation’s central bank cut forex reserve requirements for the first time in a year. Two-year Treasury yields, which are particularly sensitive to rate expectations, have declined about 20 basis points this week to 4.86%, the biggest slide since mid-March.
Euro-area data on Thursday showed core inflation fell in August. Expectations for an “upside surprise” had been building after German inflation outpaced forecasts in a reading on Wednesday, said Ray Attrill, head of foreign-exchange strategy at National Australia Bank. “Pill’s comments appear consistent with another quarter-point turn of the screw on 21 September, but not necessarily thereafter,” Attrill said.
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