Dollar drifts higher as traders eye Iran talks ahead of US jobs data
The U.S. dollar climbed higher against the yen and euro on Friday, building upon gains from the previous day, as concerns surrounding a potential Iran peace deal bolstered the greenback's status as a safe-haven currency. The dollar also benefited from a rise in Treasury yields following reports suggesting Federal Reserve Chair Kevin Warsh may consider a September interest rate hike, contingent on positive incoming data.
The upcoming U.S. jobs report on Friday could offer further insight into the Fed's projected rate trajectory. The dollar edged up to 158.505 yen by Asian morning, following a 0.4% increase on Thursday, positioning it for a potential 0.7% gain this week as it recovers from a recent downturn.
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- Dollar drifts higher as traders eye Iran talks ahead of US jobs data freemalaysiatoday.com
