(Bloomberg) -- The dollar traded near a three-month
high against the yen before a U.S. government report forecast by
economists to show job growth accelerated last month.
Signs of strength in the labor market may add to evidence of
a rebound in the world's largest economy, reducing speculation on
an interest rate cut by the Federal Reserve this year. The dollar
in May posted its biggest monthly advance versus the yen since
August on economic reports showing advances in consumer
confidence, housing and manufacturing.
Read more at Bloomberg Currencies News
high against the yen before a U.S. government report forecast by
economists to show job growth accelerated last month.
Signs of strength in the labor market may add to evidence of
a rebound in the world's largest economy, reducing speculation on
an interest rate cut by the Federal Reserve this year. The dollar
in May posted its biggest monthly advance versus the yen since
August on economic reports showing advances in consumer
confidence, housing and manufacturing.
Read more at Bloomberg Currencies News
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