Greenback fluctuates ahead of American jobs data
On Thursday, the greenback fluctuated against the Japanese yen and euro. It feels like its advance has been put on hold ahead of the closely-watched American non-farm jobs report on Friday, expected to shape the market's near-term interest rate hopes.
Against the safe-haven yen, the greenback was down 0.2% at 103.21 as the region's equities sank after a slide in crude prices dragged down Wall Street stocks on Wednesday.
On the week, the greenback has earned up to 1.5% against the Japanese yen following comments from Fed Chair Janet Yellen last Friday at a major bankers' meeting in Jackson Hole, Wyoming, which revived near-term rate lift prospects.
The major American currency had briefly advanced to a one-month peak of 103.540 yen overnight on a stronger-than-expected American ADP National Employment Report for August, though its rise was tempered after the August Chicago purchasing managers' index fell short of expectations.
The euro stood still at $1.1159, having rebounded on Wednesday from a three-week minimum of $1.1123. Additionally, the dollar index was intact at 96.007, having pulled back overnight from a three-week high of 96.255.