Dollar edges lower as eyes turn to U.S. jobs report

  • Posted By : Admin
  • 08/03/2017

The dollar edged lower Wednesday with the focus on U.S. nonfarm payrollson Friday.
The dollar index was off 0.05% at 101.76 at 02:30 ET.
Observers believe the jobs report would have to be extremely negative to prevent a March Fed hike.
Investing.com's Fed Rate Monitor Tool shows the odds of a hike at next week's FOMCmeeting at 82%.
The dollar eased 0.28% to 113.66 {{yen}}. Japanese Q4 GDP growth was revised up to 1.2%.
The Aussie edged higher as Chinese imports surged 44.7% in yuan terms in February.
The pound nudged higher ahead of the U.K. budget release.
The euro steadied with the ECB expected to stand pat on policy at Thursday's meeting.

 

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