Dollar gains with yields as Fed policy in focus
- Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
NEW YORK, Sept 10 (Reuters) – The dollar rose on Friday in line with higher U.S. Treasury yields as investors focused on when the Federal Reserve is likely to begin reducing its asset purchases.
The greenback has risen from a one-month low reached last Friday after jobs data for August showed that jobs growth slowed, while wage inflation rose more than expected. read more
It has not yet been able to establish a strong trend, however, as investors wait on new clues on when the Fed is likely to begin paring its bond purchases and, eventually, raise rates.
“That to me is the most important thing, is when does the Fed hike rates, and unfortunately we may not know that for a little while,” said Erik Nelson, a macro strategist at Wells Fargo in New York.
Cleveland Fed President Loretta Mester said on Friday that she would still like the…