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Date : 2022-08-05
Time : 12:00:00
Foreign Exchange
  • The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S. jobs data for further clues about the strength of the economy.
  • The U.S. dollar edged higher in early European trade Friday, attempting to recoup some of the previous session’s hefty losses ahead of the release of the widely-watched monthly U.S. employment report.
  • Most Asian currencies treaded water on Friday as investors hunkered down ahead of key U.S. payrolls data, while the Indian rupee rose after the central bank hiked rates by more than expected.
  • The Japanese yen's rise against the U.S. dollar since mid-July is a temporary shift, nearly two-thirds of currency strategists in a Reuters poll said, despite looming uncertainties over the global economy that have curbed the U.S. currency's rally.
  • A measure of Hong Kong’s interbank liquidity may need to drop further to help the local currency recover, even though the gauge has already slumped nearly 60% since May.
  • The dollar weakened against most major currencies on Thursday as support from the Federal Reserve's hawkish messaging subsided and investors turned their attention to a hotly anticipated U.S. jobs report.
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