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Dollar holds onto gains ahead of US jobs data; sterling slips - REUTERS

JANUARY 10, 2025

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Summary

  • Dollar eyes 1% weekly gain on soggy sterling
  • Dollar index set for 6th weekly rise
  • US jobs data due as bonds nurse losses
  • Markets expect data to show 160,000 jobs added

Jan 10 (Reuters) - The dollar looked set to log a sixth straight week of outperformance against other currencies on Friday, underpinned by elevated bond yields and expectations of another strong set of U.S. job numbers, while sterling continued to slide.
A global sell-off in bonds has dominated markets this week, fuelled by fears of a pick-up in inflation, as well as uncertainty over tariffs under the incoming U.S. administration led by Donald Trump.

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