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Dollar on track for weekly losses ahead of U.S. jobs report

Published 02/05/2016, 08:38 AM
Updated 02/05/2016, 08:38 AM

Investing.com -
The dollar steadied on Friday but remained on track for weekly losses, as investors braced for U.S. employment figures later in the session for the latest clues on the outlook for the Federal Reserve's monetary tightening path.
The greenback wallowed close to a two-week low against the yen, having erased its upward spike triggered a week ago by the Bank of Japan's move to adopt negative interest rates.
The key nonfarm payrolls report is expected to show that employers added 190,000 jobs in January, after gains of 292,000 in December.
Recently weak U.S. economic data, as well as dovish comments from New York Federal Reserve President William Dudley, have led investors to pare bets on a steady pace of Fed rate increases this year.

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