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Dollar steadies, Asian currencies vary
Asian currencies traded within a narrow range as investors awaited key U.S. employment data, amid geopolitical uncertainty and tensions over the possibility of a peace agreement with Iran. Support for the dollar came from rising U.S. Treasury bond yields, while the Japanese yen remained steady at 158.4 against the dollar after falling from its lowest point in about 40 years, following a rare joint intervention by Japan and the United States to support the currency. Additionally, oil prices experienced sharp gains, raising inflation concerns. China also announced a trade surplus that exceeded expectations in July, with exports up 24% and imports up 28%, indicating stable external and internal demand.
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