Yen heads south as eyes turn to American jobs
On Friday, Japan’s major currency weakened during Asia trade as market participants looked ahead to a two-day G-20 summit in China at the weekend for further comments on the global economy and also waited for nonfarm payrolls data, a major economic indicator for Fed decision-making on interest rates.
The currency pair traded at 103.34, rising 0.12%. Meanwhile, AUD/USD was worth 0.7558, ascending 0.08%.
The US dollar index, usually gauging the greenback’s value against six key currencies, dropped 0.02% to 95.64.
Overnight, the greenback edged down against the other main currencies on Thursday, after data demonstrated that American manufacturing activity sagged to a seven-month minimum in August and as traders turned their attention to Friday’s U.S. nonfarm payrolls data.
The Institute for Supply Management informed that the previous month its index of manufacturing activity went down to 49.4 from July’s outcome of 52.6.