Asian Currencies Consolidate Ahead of U.S. Non-Farm Payrolls Report
Dow Jones
Aug 07
0013 GMT - Asian currencies consolidate against the dollar ahead of the U.S. non-farm payrolls report due later today. The "report can influence market pricing for the Federal Reserve," CBA's Kristina Clifton says in a research report. "We judge the market is pricing in too few interest rate hikes for the Fed," the senior economist and senior currency strategist says. "Ultimately we expect interest rate differentials to move against" the Australian dollar versus its U.S. counterpart, Clifton adds. The Australian dollar is little changed at US$0.7029 while the U.S. dollar is flat at 158.45 yen, LSEG data show.
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