SINGAPORE : The dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japan's core consumer inflation re-accelerated in June.Central bank meetings from Europe, Japan and th
SINGAPORE : The dollar was steady on Friday as data pointed to U.S. labour market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen strengthened after Japan's core consumer inflation re-accelerated in June.
The data bolsters the chances the BOJ will revise up this year's inflation forecast in fresh projections due next week. BOJ Governor Kazuo Ueda earlier this week said Japan was still distant from sustainably achieving the bank's 2 per cent inflation target, dousing speculation that a tweak to yield curve control was on the cards next week.
Ryan Brandham, head of global capital markets, North America at Validus Risk Management said the jobless claims figures have now returned to healthy ranges after a slight increase in early June.
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