Dollar soft as markets brace for data fest; yen under pressure
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoSINGAPORE - The dollar was tentative on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen struggled near levels that triggered intervention last year., which measures U.S. currency against six key rivals, eased 0.077% at 103.85, after slipping 0.2% on Monday.
First up is job openings figures for July later in the day. Economists polled by Reuters expect job openings to come in at 9.465 million, easing slightly from June. "Our base case is that the Fed has completed its tightening cycle and will begin its easing cycle in March 2024," CBA's Kong said. The yen inched up 0.12% to 146.36 per dollar in Asian hours but remained close 146.75, its lowest level since Nov.9.
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