Dollar remains steady on the week, US jobs report awaited ...Middle East

The dollar is continuing to shrug off the prospect of falling Treasury yields as it would seem other major currencies are faring much worse amid markets aggressively pricing in rate cuts by central banks. The most evident case is the euro, which has fallen for six straight days now against the greenback.And as equities also look to snap their run of gains this week, commodity currencies are finding it tough to get anything going. AUD/USD is down 0.2% to 0.6530 after seeing gains yesterday dissipate with price still keeping below the 200-day moving average at 0.6575 currently.The yen is a notable mover today, helped out by Ueda's remarks earlier. But again, the BOJ is in a race against the cl

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Last updated : 07 Dec 2023 clock 08:57 AM

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Dollar remains steady on the week, US jobs report awaited ...Middle East

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