Asia FX muted, yen steadies while dollar rises before nonfarm payrolls
Investing.com-- Most Asian currencies moved little on Friday with the Japanese yen steadying near two-week highs, while the dollar rose as anticipation of key nonfarm payrolls data spurred more caution over U.S. interest rates.
His comments, which came after a string of similar signals from other Fed officials, sparked steep losses on Wall Street and kept traders largely wary of risk-driven assets.Inflation and labor market strength are the Fed’s two biggest considerations for cutting interest rates this year. But inflation has turned sticky in recent months, while payrolls data has also consistently topped market expectations.
But recent comments from BOJ officials also showed that they expected to further tighten monetary policy this year amid increasing inflation.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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