The dollar steadied against major currencies on Friday, with investors reticent to take positions ahead of key U.S. data, while markets were alert for commentary on yen weakness ahead of next week's Group of Seven meeting.
January's U.S. non-farm payrolls report, due at 1330 GMT, will be scanned by investors for evidence to reinforce a solid growth outlook and the Federal Reserve's steady stance on interest rates.
Economists expect the data to show 149,000 jobs added in January after a rise of 167,000 the previous month.
Read more at Reuters South Africa
Friday, February 2, 2007
Dollar holds ground ahead of payrolls data, G7 eyed
Labels:
Currency,
Dollar,
Federal Reserve,
G7,
U.S Data,
U.S. Non-Farm Payrolls
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