Dollar stable as markets assess US jobs data

US dollar index witnessed stability today, Friday, in transactions characterized by rare calm amid the volatility of global markets, ahead of the release of important data on jobs in the United States later on Friday, while the yen fell after the Bank of Japan kept the stimulus measures unchanged.

According to “Reuters”, the dollar jumped as much as 0.63 percent against the yen, in an automatic move after the Bank of Japan kept its policy unchanged at the last policy meeting of Governor Haruhiko Kuroda before leaving office in April.

The dollar later gave up some gains, rising in the latest trading by 0.4 percent, at 136.65 yen.

The dollar fell to its lowest level in two weeks against the Swiss franc, and in the latest trading it fell 0.2 percent to 0.9302 francs, after falling 0.9 percent on Wednesday.

While the US dollar recorded its highest level in five months against the Canadian at 1.386, and rose 0.7 percent against the Norwegian krone, recording the highest level in five months.

The euro and sterling rose to $1.0595 and $1.19425, respectively, leaving the dollar index stable at 105.23 points.

All eyes now turn to the non-farm payrolls report due later on Friday, which is key data that could give clues to the next steps of the Federal Reserve’s monetary policy.