Economic news

Dollar remains under pressure before U.S. payrolls

The dollar struggled to extend its rally versus a basket of major currencies on Friday, having slid from four-month peaks on profit-taking ahead of crucial wages growth and jobs data due later in the day.

Photo: Reuters

The dollar’s index was steady at 92.417, having retreated from a high of 92.834 touched on Wednesday, its top since late December.

The greenback sank 0.1 percent to 109.14 yen, down from a three-month peak of 110.05 yen breached on Wednesday.

The euro was firm at $1.1988, having recovered from an almost four-month trough of $1.1938 hit on Wednesday. Sterling traded at $1.3571.

The Australian dollar rose 0.3 percent to 75.58 U.S. cents.

Bitcoin gained 6 percent to $9,719.88 on Thursday, heading to $10,000, a mark not seen since March 8.

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