The dollar is showing
signs of revitalization as traders look through last week’s
weaker-than-forecast U.S. jobs report and rebuild positions.
A gauge of the
greenback is on track for its first weekly gain since dropping from a
more-than-decade high in mid-March. The currency slumped the most in
almost two weeks on Friday after data showed American employers added
the fewest jobs since December 2013 last month. The yen was near the
weakest in more than two weeks against the dollar as the Bank of Japan
concludes a two-day policy meeting on Wednesday, before the Federal
Reserve publishes minutes of its March gathering.
The Bloomberg Dollar
Spot Index, which tracks the U.S. currency against 10 major peers, was
at 1,192.08 as of 9:41 a.m. in Tokyo from 1,193.11 in New York, when it
completed a two-day, 0.9 percent advance.
The U.S. currency was
little changed at 120.21 yen after touching 120.45 Tuesday, the most
since March 20. It slipped 0.2 percent to $1.0833 per euro, following a 1
percent climb the previous day.
Source : Bloomberg
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