Mixed data supports dollar in countdown to tomorrow’s payrolls report
Happy Thursday. The dollar is extending its advance for a third session after yesterday’s data underscored the US economy’s resilience, denting bearish conviction. Most major currency pairs remain rangebound, with the pound, euro and yen all holding broadly neutral technical positions against the greenback. Treasury yields are slightly higher, while equity markets are set to open a bit lower as investors weigh the Trump administration’s latest threats to intervene in the housing and defence sectors. The latest Job Openings and Labor Turnover report delivered more evidence of a cooling in demand for workers, but layoffs remained low and the quits...