LONDON (Reuters) – The dollar held steady as investors awaited U.S. jobs data, which could confirm the economy’s strength ahead of the Federal Reserve‘s monetary policy meeting and U.S. presidential elections next week.
Around 10.40 am the dollar index rose by 0.12% to 104.102. Last month saw a 3.1% increase, the highest since September 2022, and looks set to remain stable for now.
The yen gave up some of yesterday’s gains, slipping 0.4% to $152.71, ahead of a three-day weekend in Japan and a series of risk events.
The euro lost 0.23% to $1.086, just below two-week highs, after gaining this week following data that showed a stronger-than-expected acceleration in euro zone inflation in October and signs growth of the German economy.
The pound is stable at $1.2911, but is heading for a fifth consecutive week of losses against the dollar.
As for cryptocurrencies, bitcoin lost 0.67% to $69,469, after gaining almost 10% in October.
(Translated by Laura Contemori, editing Antonella Cinelli)
