Reported about 1 year ago
The US dollar is near three-week lows as investors await payrolls data. Meanwhile, the pound remains strong as the Labour party is expected to win a significant majority in the UK election. Sterling is stable at $1.27575, up 0.9% for the week, while the euro is steadying ahead of France's run-off election. Traders are cautious as the US prepares for the non-farm payrolls report with expectations of rate cuts. Analysts predict USD downside with a softer payrolls print, while the yen is climbing after intervention concerns amid its significant depreciation against the dollar this year.
Source: YAHOO