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Dollar Holds Steady Ahead of US Jobs Report

Economy

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Singapore, January 08 (QNA) - The dollar was calm on Thursday as investors weighed a slew of data that showed ‍the US economy was in a delicate position ahead of a crucial jobs report on Friday.

The euro was steady at $1.1678 in early Asian hours, on course for a small weekly drop, while sterling bought $1.34605. The yen was flat at 156.78 per US dollar.

The Australian dollar fetched $0.6721, just below ‌the 15-month high it ‌touched earlier this week, while the New Zealand dollar was little changed at $0.5769.

The ‌dollar index, which measures the US currency against six rivals, was steady at 98.737 and set for a small gain for the week.

The dollar is coming off its worst annual performance since 2017, with analysts predicting another year of decline, albeit a more modest drop. (QNA)

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