Dollar on backfoot ahead of US jobs data By Reuters – Investing.com

  • Date: 07-May-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Gulf
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Dollar on backfoot ahead of US jobs data By Reuters – Investing.com

By Hideyuki Sano

TOKYO (Reuters) - The dollar stayed under modest pressure on Friday ahead of a key U.S. jobs report that could cement expectations of a strong economic recovery and fan investor appetite for stocks, higher-yielding currencies and commodities.

The dollar's index against six other major currencies stood near its lowest level so far this week, at 90.868, having lost about 0.4% overnight.