October 16, 2021

Dollar trades flat as U.S. jobs report awaited

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo

LONDON, Oct 8 (Reuters) – The dollar traded flat against major currencies on Friday ahead of a U.S. non-farm payrolls report expected to provide traders with further clues on the pace of the Federal Reserve’s policy normalisation.

The U.S. Dollar Currency Index , which measures the dollar against a basket of six peers, rose 0.1% to 94.338, last trading unchanged at 94.164.

“The dollar will trade soft into the payrolls,” said Neil Jones, head of FX sales, financial institutions at Mizuho Bank.

“The market is running long and reducing ahead of event risk in the face of mild pro-risk higher asset prices.”

The dollar gained 0.3% to 111.96 yen , and touched 111.975, the highest level this month, helped by…

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