Economic news

Dollar steady ahead of U.S. jobs figures, Aussie sinks

The dollar’s rally lost steam on Friday as traders focused on monthly U.S. employment report due later in the day and digested the influence of a two-day global government bond increase that has pushed U.S. Treasury yields to seven-year top.

Photo: Reuters

The greenback was virtually unchanged at 113.93 yen, after coming off an 11-month peak of 114.55 yen on Thursday.

The dollar index ticked up 0.1 percent to 95.833 .DXY.

The Australian dollar, often seen as a indicator of risk appetite's level, sank 0.2 percent to $0.7064, having earlier in the day scaled a 32-month trough of $0.7062.

The euro was 0.05 percent lower at $1.1507 after plumbing a six-week trough of $1.1463 on Thursday.

The common currency ended the previous session with an 0.55 percent surge versus its U.S. peer, reversing some declines after falling six straight sessions. The euro is losing almost 0.8 percent versus the greenback this month.

Sterling skidded 0.1 percent to $1.3010 after a rise of 0.6 percent, recovering from a 3-1/2-week weak point of $1.2925.


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