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Dollar Heads For 12-Week Winning Streak, US Payrolls Loom

Published by: dailynews
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The dollar charged toward a 12-week winning streak on Friday, though it remained mostly rangebound as markets looked to U.S. nonfarm payrolls data later in the day for clues on whether the Federal Reserve’s hawkish messaging on rates will need tweaking.

The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.43, but remained on track for 12 straight weeks of gains. The last time it clocked such a milestone was in 2014.

Against the euro , the greenback was similarly headed for a record winning run of 12 successive weeks.

Read the full story on Reuters here.