Friday, May 4, 2007

Dollar clings to gains vs euro, jobs report eyed

(Reuters) - The U.S. dollar held ground against the euro on Friday as upbeat economic figures helped it cling to three days of gains and as attention turned towards the notoriously volatile U.S. payrolls data.

Most investors expect the Federal Reserve to cut U.S. interest rates later this year, but it would take a big softening in the U.S. jobs market to shift the Fed's current focus from inflation.


Read more at Reuters Africa

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