BLOOMBERG.COM
A gauge of the dollar was confined to its tightest range in more than a week as investors awaited key U.S. jobs data to assess the Federal Reserve’s path on interest rates. The Bloomberg Dollar Spot Index swung between gains and losses this week as traders await Friday’s release of the U.S. government’s monthly labor statistics. The U.S. currency held an advance versus the yen after Bank of Japan Deputy Governor Kikuo Iwata said the central bank wants to “work with an open mind” on what should be done to reach its 2 percent inflation target.
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A gauge of the dollar was confined to its tightest range in more than a week as investors awaited key U.S. jobs data to assess the Federal Reserve’s path on interest rates. The Bloomberg Dollar Spot Index swung between gains and losses this week as traders await Friday’s release of the U.S. government’s monthly labor statistics. The U.S. currency held an advance versus the yen after Bank of Japan Deputy Governor Kikuo Iwata said the central bank wants to “work with an open mind” on what should be done to reach its 2 percent inflation target.
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