Dollar Reaches Highest Level Since July Ahead of Jobs Report
- Souring pound, loonie, Aussie among biggest losers on day
- ECB minutes mention FX concern, reveal little on QE plans
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The dollar rallied to its highest level since late July as traders unwound cross positions and prepared for non-farm payrolls data Friday.
The Bloomberg Dollar Spot index gained close to 0.6 percent., while the greenback advanced versus all of its G-10 peers. The euro, yen and Canadian dollar remained near the day’s lows against the dollar late in the session. The pound, the Aussie and the loonie were the biggest losers of the day. The key U.S. non-farm jobs data should show a gain of just 80,000, according to the median estimate in a Bloomberg survey, reflecting the negative effect of recent hurricanes.