Dollar Holds Steady Ahead of US Jobs Report

Ooredoo: The dollar was calm on Thursday as investors weighed a slew of data that showed US economy was in a delicate position ahead of a crucial jobs report on Friday. The euro was steady at $1.1678 in early Asian hours, on course for a small weekly drop, while sterling bought $1.34605. The yen was flat at 156.78 per US dollar.

According to Qatar News Agency, the Australian dollar fetched $0.6721, just below the 15-month high it reached earlier this week, while the New Zealand dollar was little changed at $0.5769. The index, which measures the US currency against six rivals, was steady at 98.737 and set for a small gain for the week.

The dollar is coming off its worst annual performance since 2017, with analysts predicting another year of decline, albeit a more modest drop.