The dollar held just above a one-month low on Monday as traders held tight positions heading into a busy week that includes monthly U.S. jobs data ...
The dollar held just above a one-month low on Monday as traders held tight positions heading into a busy week that includes monthly U.S. jobs data and a key Australian central bank decision.
The dollar index, which measures the greenback against six major peers, stood at 92.091, almost unchanged from Friday, when it dipped as low as 91.775 for the first time since June 28.The index dropped 0.88per cent last week, its worst performance since early May, after Fed Chair Jerome Powell reiterated mid-week that rate increases were"a ways away" and the job market still had"some ground to cover.
The dollar index last month hit its highest since the start of April at 93.194 as traders positioned for a start to tapering as soon as this year. "The U.S. payrolls will be a marquee event risk," Chris Weston, head of research at broker Pepperstone, wrote in a note to clients.
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