The US dollar steadied Friday as investors were anxious before the US nonfarm payrolls report, stipulating the data could influence the Federal Reserve’s timing of interest rate hikes this year.
Economists expect the US economy to again additional 203,000 jobs in September.
The greenback settled at $1.1185 per euro. Against the Japanese yen, the dollar stood at ¥120.02.
Fed Chair Janet Yellen has already indicated the labor market is improving and implied “developments overseas, notably in China, and prices were chief concerns,” said Shinichiro Kadota, Chief Japan FX Strategist at Barclays.
Amidst China’s economic slowdown, the American economy and jobs sector have stood on steadier ground, keeping alive the likelihood of raising rates this year.
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