PT Solid Gold Berjangka | Dollar Edges Lower Ahead of Payrolls; set for Losing Week

08:15 01 September in Commodity, SOLID GOLD BERJANGKA | SOLID GROUP

The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report.

At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.544, but is down around 0.4% so far this week.

The greenback saw some buying on Thursday after data showed that U.S. personal spending grew much more than expected in July, but the U.S. currency is set to snap a long running positive streak as a batch of weak economic readings fueled bets that the Federal Reserve will keep rates on hold in September.

EUR/USD edged 0.1% higher to 1.0848, with the euro posing small gains after falling 0.7% in the previous session in the wake of data showing that core eurozone inflation fell in August.

Higher-than-expected inflation numbers in the region’s major economies of Germany, France and Spain had raised expectations of a jump in inflation, but this failed to materialize.

Elsewhere, GBP/USD fell slightly to 1.2668, while USD/JPY fell 0.1% to 145.50 in muted trade after Japanese data showed local manufacturing activity shrank further in August.

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