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Dollar set for first winning week in three with eyes on Fed

Mount Equity Group Tokyo, Japan > News > Markets > Dollar set for first winning week in three with eyes on Fed

TOKYO, Sept 10 (Reuters) – The dollar headed for its first winning week in three on Friday after rebounding from a payrolls-induced sell-off, as investors continued to ponder the timing of a tapering of Federal Reserve stimulus.

The dollar index , which gauges the greenback against six major peers, slipped 0.07% to 92.469, but remained on course for a 0.4% weekly rise.

Last Friday, it sank to the lowest since Aug. 3 at 91.941 after data showed the U.S. economy created the fewest jobs for seven months, reducing the odds of an imminent reduction of the Fed’s asset-purchase programme. read more

Since then, a number of officials have come out to suggest a taper is still likely this year , including Fed Governor Michelle Bowman, who said overnight the weak August labour report won’t throw the central bank off course. read more

Cleveland Fed president Loretta Mester is scheduled to speak about monetary policy later on Friday at a Bank of…

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