Dollar Edges Lower Into Payrolls
The dollar is trading near a one-week low as the minutes count down to what could easily become the year’s most pivotal data release: the August non-farm payrolls report. With investors broadly convinced that the data will improve, but nonetheless set the stage for at least one jumbo-sized rate cut from the Federal Reserve this autumn, the greenback is slipping against its major rivals, especially the yen, while Treasury yields are edging lower, and stock futures are coming under pressure. Consensus estimates suggest that the US added 165,000 new jobs in August, up from the 114,000 reported in July, but...