Greenback treads water as markets brace for Friday's jobs data
On Thursday, the evergreen buck stuck to quite narrow ranges against its key counterparts during Asia trade, ahead of this week's nonfarm payrolls data, which could reinforce hopes that the US Fed will rasie interest rates by December.
The struggling pound slumped 0.3%, hitting $1.2715 having fallen as low as $1.2686 on Wednesday, thus demonstrating its weakest value for more than three decades on worries of the impact of the UK’s impending exit from the EU.
To back the greenback, Chicago Fed President Charles Evans told the Fed would get down to increasing American interest rates by year-end if American economic data remained sturdy enough.
On the economic data front on Wednesday, positive American services sector activity compensated a poorer-than-expected print on private-sector job surge ahead of Friday's jobs report.
The monthly employment figures are supposed to demonstrate 175,000 jobs added in September.