Dollar up ahead of key job reports

The Dollar rose ahead of U.S. jobs data which could spur the Federal Reserve to elevate interest rates in September while Asian shares leapt off early lows on Friday but, persisted on track for their third straight weekly loss.



The Britain's FTSE 100 is to open 4 points upper, Germany's DAX to open up 0.1%, and France's CAC 40 to open flat, which was an expectation from financial spreadbetters.



Bank of Japan (BoJ) kept its stimulus program intact as the Nikkei’s index was up 0.2% eliminating former losses from investors taking profits.



U.S. Treasuries were mostly constant as dealers squared positions before the economic data with benchmark 10-year notes yielding 2.24%.



On Thursday, U.S. unwaged claims escalated from the preceding week, yet the positive trend was intact and Economists expect the U.S. employment report to show that 223,000 jobs were generated in July.



Dollar index stood at 97.86, on track for a second straight weekly gain and U.S. crude futures fringed after dipping to multi-month lows overnight after a large drop in U.S. crude records failed to boost prices.



Source:CNBC
Priscilla Camryn By: Priscilla Camryn
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