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US dollar near one-week high on jobs relief; yen sags
The dollar hovered close to a one-week high against major rivals on Friday, after the biggest drop in U.S. jobless claims in close to a year allayed fears of a looming economic downturn. The U.S. currency extended gains against the Japanese yen to a fourth day, buoyed by a spike in Treasury yields following Thursday's firmer-than-expected employment data, which spurred a paring back in bets for Federal Reserve interest rate cuts this year. The yen and fellow safe-haven currency the Swiss franc languished near one-week lows after Wall Street rallied on the improved macroeconomic outlook, while riskier currencies such ... (full story)
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- Aug 9, 2024 1:23am Aug 9, 2024 1:23am
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liberty458 - | Joined Aug 2006 | Status: Member | 577 Comments
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- Posted: Aug 8, 2024 10:23pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,067
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