Dollar firms, U.S. stocks steady before jobs data



The U.S. dollar gained on Thursday against a basket of currencies, hitting its highest level in more than two months and pressuring gold prices, as strong labour market data gave support to a possible U.S. interest rate hike later this year.
The benchmark S&P 500 stock index ended barely higher while Treasury yields rose to three-week highs as investors positioned ahead of the closely watched U.S. employment report due out on Friday.
In an encouraging sign for the labour market, data on Thursday showed the number of Americans filing for unemployment benefits unexpectedly fell last week... read more

 
6 October 2016 in World News, Views: 30
Source: Reuters
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