A gauge of the dollar is set for its first weekly decline since April as traders await a U.S. jobs report Friday that will help determine whether the Federal Reserve will raise interest rates as soon as this month.
Investors are piling up bets to profit from a fall in the Chinese currency with a variety of creative strategies, raising the risk of a fresh bout of yuan volatility that churned global markets just a few months ago.
World shares advanced towards their highest level in a month on Friday, although investor wariness over rising prospects of a near-term Federal Reserve rate hike subdued activity as traders awaited U.S. jobs data later in the day.
Next Trading Day’s Important Events
- 12:30 (GMT+3) NFP
- USDJPY: 107.87
- EURUSD: 1.1260
- S&P 500: 2,105.26
- NASDAQ : 4,971.36