Thursday, 31 May 2007

Dollar off 3-month high vs yen before US jobs data

(Reuters) - The dollar edged back near a three-month high against the yen on Friday as investors await a raft of U.S. data including a monthly payrolls report later in the session.

The jobs data will provide more clues on whether the Federal Reserve is likely to will keep rates steady at 5.25 percent, after a strong report on regional U.S. business activity on Thursday reinforced such views and gave a boost to the dollar.


Read more at Reuters Africa

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