On Thursday, the greenback fluctuated against the Japanese yen and euro. It feels like its advance has been put on hold ahead of the closely-watched American non-farm jobs report on Friday, expected to shape the market’s near-term interest rate hopes.
Against the safe-haven yen, the greenback was down 0.2% at 103.21 as the region’s equities sank after a slide in crude prices dragged down Wall Street stocks on Wednesday.
On the week, the greenback has earned up to 1.5% against the Japanese yen following comments from Fed Chair Janet Yellen last Friday at a major bankers’ meeting in Jackson Hole, Wyoming, which revived near-term rate lift prospects.
The major American currency had briefly advanced to a one-month peak of 103.540 yen overnight on a stronger-than-expected American ADP National Employment Report for August, though its rise was tempered after the August Chicago purchasing managers’ index fell short of expectations.
The euro stood still at $1.1159, having rebounded on Wednesday from a three-week minimum of $1.1123. Additionally, the dollar index was intact at 96.007, having pulled back overnight from a three-week high of 96.255.
