The dollar is showing signs of revitalization as traders look through last week’s weaker-than-forecast U.S. jobs report and rebuild positions.
A gauge of the greenback is on track for its first weekly gain since dropping from a more-than-decade high in mid-March. The currency slumped the most in almost two weeks on Friday after data showed American employers added the fewest jobs since December 2013 last month. The yen was near the weakest in more than two weeks against the dollar as the Bank of Japan concludes a two-day policy meeting on Wednesday, before the Federal Reserve publishes minutes of its March gathering.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, was at 1,192.08 as of 9:41 a.m. in Tokyo from 1,193.11 in New York, when it completed a two-day, 0.9 percent advance.
The U.S. currency was little changed at 120.21 yen after touching 120.45 Tuesday, the most since March 20. It slipped 0.2 percent to $1.0833 per euro, following a 1 percent climb the previous day.
Source : Bloomberg