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2016.11.0405:28:00UTC+00Dollar Edges Up Ahead of U.S. Jobs Data

The dollar regained some ground against a basket of major currencies ahead of the U.S. non-farm payrolls report, however it remained pressured by the concern regarding the tight U.S. presidential election race. The dollar index was up 0.1 percent to 97.244.

The index reached a nine-month high above 99.00 the previous week on lifted outlook that the Federal Reserve may raise interest rates by year-end. However, it was on course to decline by around 1.2 percent this week while Democratic representative Hillary Clinton's lead over Republican Donald Trump in the polls have decreased due to an FBI probe over her private email server. The focus of the market is currently on the Nov. 8 election. A strong jobs report is expected to raise chances for a U.S. interest rate hike in December.

The dollar edged up 0.1 percent to 103.080 against the Japanese yen. The Swiss franc, which is also seen as a safe-haven, has benefited as Trump risk anxiety led to risk off mood in the global markets. The euro fell 0.1 percent at $1.1092 and the sterling inched up 0.1 percent to $1.2476.

Tags: USD
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