Currency markets await US jobs report amid political turmoil
Major currencies remained on edge on Friday as markets awaited U.S. job data and digested a politically turbulent week, with French President Emmanuel Macron saying he would appoint a new prime minister in the coming days.
In the spotlight will be the U.S. non-farm payrolls report for November, due later in the day, as investors look to second-guess the pace of future Federal Reserve rate cuts.
U.S. job growth slowed sharply in October, skewed by disruptions from hurricanes and strikes by aerospace factory and dock workers.
The dollar index, which measures the greenback against six other currencies, was up 0.07% at 105.79 on Friday after slipping towards a three-week low in the previous session.
Facing political turmoil on its own turf, the euro traded down at $1.0582 after rebounding on Thursday as French bonds stabilised.
The dollar was up 0.32% against the yen at 150.55 as traders pondered the likelihood of a December rate hike in Japan.
The Australian dollar fetched $0.64285, down 0.37%, and New Zealand's kiwi slid 0.52% to trade at $0.5854 .
Source: Reuters
