Dollar set for fifth winning week on hawkish Fed as payrolls loom

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The dollar was headed for a fifth winning week versus major peers on Friday, ahead of closely watched U.S. jobs report that’s likely to back the case for aggressive monetary policy tightening. The greenback was up for a ninth week against the yen, as benchmark U.S. Treasury yields resumed their climb – topping 3.1% overnight – after a blip lower immediately after the Federal Reserve raised interest rates by half a percentage point mid-week, placing it at the vanguard of hawkish global central banks. Economists predict a solid 391,000 U.S. jobs were added las…

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