TOKYO : The U.S. dollar wallowed near a one-week low versus major peers on Friday, on course for its worst week since late March, amid strengthening views that the Federal Reserve will forgo an interest rate hike this month.Signs that a bill to suspend the U.S. debt ceiling and avert a disastrous default
TOKYO : The U.S. dollar wallowed near a one-week low versus major peers on Friday, on course for its worst week since late March, amid strengthening views that the Federal Reserve will forgo an interest rate hike this month.
For the week, the index is on course to lose 0.63 per cent, which would be its poorest performance since the period ended March 26. Some softness in U.S. manufacturing data overnight supported the case for a pause, although jobs figures continue to print hot, putting even more focus than usual on the monthly non-farm payrolls report later in the day.
Money markets currently see about 29 per cent odds of a hike, down from near 70 per cent earlier in the week. The euro was flat at $1.0761, after reaching a one-week high of $1.07685 in the previous session, when European Central Bank President Christine Lagarde gave the shared currency a boost by saying further policy tightening was necessary.
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