Dollar clings on to gains ahead of US jobs data; sterling slips

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The story "Dollar clings on to gains ahead of US jobs data; sterling slips" was covered 11 hours ago by Channel News Asia, a news publisher based in Singapore.

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Dollar clings on to gains ahead of US jobs data; sterling slips - Channel News Asia

Quick Summary:

:The dollar looked set to log a sixth straight week of outperformance against other currencies on Friday, underpinned by elevated bond yields and expectations of another strong set of U.S.job numbers, while sterling continued to slide.

In the euro zone, the single currency was flat on the day as well as on the week at $1.0299, but was not trading far from the two-year low of $1.0224 it hit last week.

Prospects of sustained wage gains in Japan and the boost to import costs from a weak yen have heightened attention within the central bank to rising inflationary pressures that may lead to an upgrade in its price forecast this month, sources said.