Dollar Reaches Three-Week High as Jobs Data May Firm Fed Timing
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U.S. jobs data is set to define the course for the dollar as investors look to the labor market to determine the timing of the Federal Reserve’s first increase in interest rates since 2006.
The Bloomberg Dollar Spot Index touched a three-week high before the U.S. government’s June payrolls report due Thursday that economists said will show employers added 233,000 jobs in June. The greenback slipped against the euro as Greece prepared for Sunday’s referendum on its creditors’ demands.