Dollar Hedging Gets Pricier Ahead of Friday’s Jobs Data

A careers fair in Arlington, Virginia, US.

Photographer: Ting Shen/Bloomberg

The cost of hedging in the currency market is rising after the summer lull, with traders positioning for wider price swings around Friday’s key US jobs report.

One-day euro-dollar implied volatility rose to the highest level since June on Thursday, and is on track for the strongest close since April.