Dollar Pushes Higher Ahead of Economically-Eventful Week
The dollar is trading with a firmer bias ahead of a week filled with first-tier economic events, and after Friday’s forecast-crushing US jobs number triggered a pop in Treasury yields. Both the pound and euro are starting the week on the back foot, weakened by expectations of earlier rate cuts from the Bank of England and European Central Bank, while the Japanese yen remains hemmed in by short sellers on one side and the threat of intervention on the other. Global oil benchmarks are losing altitude after Israel said it would withdraw some troops from Gaza, reducing perceived geopolitical risk...