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Dollar gains before US jobs data
The dollar rose against the yen and euro, bolstering its status as a safe-haven currency, following an increase in US Treasury bond yields and expectations of a rate hike in September based on economic reports and new employment data. The dollar benefited from geopolitical tensions and anticipated upcoming data releases. It also recorded a weekly gain of approximately 0.7%, against the yen, amid monitoring of US employment data that could influence decisions on interest rate hikes.
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