The dollar appeared poised for a third consecutive day of gains on Thursday, although the mixed signals from U.S. economic data prompted a degree of caution in the markets in anticipation of Friday’s nonfarm payrolls report. Data released on Thursday indicated that the U.S. labor market seems to be entrenched in a “no hire, no Read More
The yen appreciated against the U.S. dollar, reflecting a technical recovery following warnings from Japanese officials about “one-sided and sharp” currency fluctuations. This statement indicated a preparedness to implement necessary measures, which analysts interpreted as a clear indication of potential intervention. The Japanese currency received a boost from a generally weaker dollar, which has faced Read More
