Dollar improves after rosy employment data
‘Overall the market is still very, very bullish, and the data we got overnight out of the US was very, very positive,’ analyst Kyle Rodda says
04 June 2021 - 11:11
Tokyo/London — The dollar hit a multi-week high on Friday while European stocks, oil and gold steadied as markets braced for further signs the US economic recovery could drive inflation and an early withdrawal of Federal Reserve stimulus.
US treasury yields remained elevated after jumping overnight, while the dollar held onto its biggest gain since April, after better-than-expected employment data raised expectations for a strong reading for Friday’s nonfarm payrolls...
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