Market Watches US Rate Report
The dollar rose against the yen and the euro as markets awaited the release of the American jobs report, which could provide insights into the path of interest rate hikes. Support came from increased U.S. Treasury yields and expectations of a rate hike in September if the data shows strong inflation, especially after oil prices rose above $83 per barrel. The Federal Reserve is expected to maintain its tightening cycle until December, with ongoing fluctuations in the US currency due to geopolitical tensions and economic developments.
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