Halt in pound’s drop just ‘position-squaring’: Forecast’s Liaw.
BLOOMBERG.COM

The dollar fell from the highest in more than a week versus its major peers before a U.S. jobs report Friday that may provide clues on whether the Federal Reserve will raise interest rates this year. The yen strengthened for a third day as investors continued to favor the safest assets following another round of U.K. real-estate fund closures. Even so, the pound rallied from its 31-year low. U.S. payrolls rose 180,000 in June, economists surveyed by Bloomberg predict, after the smallest increase in hiring in May since 2010.

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