US dollar rally pauses before jobs data, bitcoin trades near record

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TOKYO/LONDON :The dollar backed off a three-month peak on Wednesday as investors waited for key economic data, while bitcoin sat close to a record high as traders raised their bets on a Donald Trump victory in next week's presidential election.

The dip in Treasury yields pushed the dollar 0.15 per cent lower against the yen to 153.15 yen.

"It's quite common for aspects of budget announcements to be released (beforehand) but the new Labour government has taken this form to a new level and the scope for a shock today seems more limited than before," said Derek Halpenny, currency strategist at lender MUFG.

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Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Growth Economic Bank Dollar Euro Wednesday Inflation Cent Data Currency Traders

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 09:23:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 24 lines

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Copyright Owner: © Channel News Asia

News ID: 23337834

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