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Dollar Drifts as Investors Await US Labor Market IndicatorsSingapore, 1 Sep (ONA) — The dollar was adrift today as markets looked ahead to a raft of US labor market data this week that could determine the size of the Federal Reserve’s expected rate cut later this month.
The dollar rose 0.1% against the yen to 147.20 in the early Asian session.
The euro was up 0.1% to $1.1693, while sterling edged 0.05% higher to $1.3510.
Against a basket of currencies, the dollar eased 0.04% to 97.79, having clocked a monthly decline of more than 2% on Friday.
In other currencies, the Australian dollar rose 0.18% to $0.6548, while the New Zealand dollar similarly advanced 0.17% to $0.5904.
The offshore yuan steadied near Friday’s roughly 10-month high and last stood at 7.1216 per dollar. — Ends/AH
