Dollar soft, Aussie firm as sentiment recovers before US jobs data

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TOKYO : The safe-haven dollar hovered below a one-year high to major peers on Friday amid improved risk sentiment, while traders awaited clues on the pace of Federal Reserve policy normalization from a closely watched monthly payrolls reports.The risk-sensitive Australian dollar held near the three-week h

TOKYO : The safe-haven dollar hovered below a one-year high to major peers on Friday amid improved risk sentiment, while traders awaited clues on the pace of Federal Reserve policy normalization from a closely watched monthly payrolls reports.

Global equities rallied and bond yields climbed after U.S. Senate leaders moved to avert a U.S. debt default, while a global easing in energy prices tempered simmering stagflation fears. The Aussie has made"a decent go at breaking higher," but the test will be whether it can stay about US$0.7315 following several failed attempts this year, Catril said.

The U.S. Dollar Currency Index, which measures the greenback against a basket of six peers, was little changed at 94.202 after trading in a tight range on Thursday, staying within sight of last week's high of 94.504, a level not seen since late September 2020.

 

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