The currency is headed for its first week in the red in a month after hitting 5-month highs.
He dollar The global economy was heading for its first weekly loss in a month on Friday, but was moving away from two-week lows, pending a key report on the employment in USAwhile the tensions in Middle East They kept investors in suspense.
He dollar index, which compares the greenback with a basket of six prominent currencies, gained 0.1%, to 104.27 units.
The yen appreciated to a two-week high of 150.81 against the dollar, before losing ground and trading at 151.345; the euro was trading stable at 1.0834 dollars; and the pound sterling fell 0.1%, to $1.263.
The demand for safe haven currencies, together with the warnings from the Japanese authorities, contributed to the yen will reach two-week highs against the dollar.
Investors are cautious about the evolution of the situation in Middle Eastafter the American president, Joe Bidenthreatened on Thursday to condition its support for the Israeli offensive in Loop to the adoption of concrete measures to protect humanitarian workers and the civilian population.
He dollar has had a turbulent week, falling from five-month highs to two-week lows after an unexpected slowdown in U.S. services in the United States supported expectations that the Federal Reserve (Fed) will lower interest rates.
It then rebounded after comments Thursday by the president of the Minneapolis Fed, Neel Kashkariwho has no vote on this year’s policy-setting committee and who said rate cuts may not be necessary if the inflation remains stagnant.
The market is focused on the release of the US monthly employment report later in the day. Economists consulted by Reuters predict that 200,000 jobs were added in March.
Source: Ambito
