Dollar Slips, Traders Await Jobs Data, Fed Speakers
The dollar fell versus all Group-of-10 peers except the yen, paring Monday’s gains, ahead of US data and a series of speeches from Fed officials.
The Bloomberg Dollar Index drops 0.1%, following a 0.5% advance Monday; its volatility skew modestly shifts lower in the front-end as money markets still favor a quarter-point interest rate cut by the FOMC this month.
US job openings report is due Tuesday, followed by private employment on Wednesday and the key non-farm payrolls on Friday.
Fed Governor Adriana Kugler, San Francisco Fed President Mary Daly and her Chicago counterpart Austan Goolsbee are also scheduled to speak later on Tuesday.
EUR/USD reverses modest losses to rise as much as 0.3% to 1.0531.
USD/JPY halves a 0.4% advance to trade at 149.93; leveraged bids seen at 149.50 and at 149.20-30, a Europe-based trader says.
AUD/USD up 0.3% to 0.6495; Australian and New Zealand dollars were sold earlier by fast-money funds in view of China’s offshore yuan weakening to a one-year low, according to Asia-based FX traders.
USD/CHF down 0.1% at 0.8854; Swiss inflation accelerated slightly after retreating for three months, sustaining the case for a Swiss National Bank interest-rate cut next week.
Source: Bloomberg
