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US dollar muted, yen hit two-weak peak before the US job figures

By Rana Gharib
05 Apr,2024
US dollar muted, yen hit two-weak peak before the US job figures

The greenback is on course for hitting first weekly loss for a month on Friday, but moved away from the lowest level in two weeks, before major job figures scheduled to release during the day, while disruptions in the Middle East raised investors’ worries.

The yen was buoyed by safe haven demand and cautions from Japanese officials for intervention, pushing it to two-week peaks versus the greenback.

Following U.S. President Joe Biden's threat on Thursday to withhold assistance for Israel's attack in Gaza unless it takes decisive action to save civilians and relief workers, investors are cautious about developments in the Middle East.

The greenback experienced a disrupted week, dipping from five-month peak to reach two-week dips following unpredicted downturn in Us services growth buoyed by projections for lowering interest rate.

The dollar index that gauges the greenback versus its major pairs advanced by 0.1% at 104.27.

EUR/USD muted at $1.0838.

GBP/USD slipped 0.15% to $1.2624.

The yen advanced to two-week peak of 150.81 before caping gains at 151.31.

 

 

 

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