Dollar steadies as investors eye US jobs data, ECB meet

"The ECB is the more interesting of the two, because with the Fed its clear that theyre going to hike rates," she said. The dollar steadied on Wednesday, with investors broadly taking a "wait-and-see" approach ahead of a US labour market report later in the week, which follows a European Central Bank policy meeting. Trump's administration is expected to react should the dollar gain strongly against the currencies of major trade partners such as Germany, Japan and China. The dollar was also flat at 113.96 yen after rising modestly to 114.160 overnight. The greenback has had a difficult time staying above the 114 yen threshold amid uncertainty about Washington's potentially protectionist trade stance.


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RPT-FOREX-Dollar steadies as investors eye U.S. jobs data, ECB

"The ECB is the more interesting of the two, because with the Fed it's clear that they're going to hike rates," she said. The greenback has had a difficult time staying above the 114 yen threshold amid uncertainty about Washington's potentially protectionist trade stance. Trump's administration is expected to react should the dollar gain strongly against the currencies of major trade partners such as Germany, Japan and China. The dollar was also flat at 113.96 yen after rising modestly to 114.160 overnight. "The inflation rate is finally rising (but)... my best guess is that (ECB President Mario) Draghi is going to succeed tomorrow to keep things on a fairly even keel."




"The ECB is the more interesting of the two, because with the Fed it´s clear that they´re going to hike rates," she said. For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Additional reporting by Shinichi Saoshiro in Tokyo) The greenback has had a difficult time staying above the 114 yen threshold amid uncertainty about Washington's potentially protectionist trade stance. "The inflation rate is finally rising (but)... my best guess is that (ECB President Mario) Draghi is going to succeed tomorrow to keep things on a fairly even keel." "We're just waiting for tomorrow now - the ECB -and then after tomorrow we're going to be waiting for next week and the Fed," said DZ Bank currency strategist Sonja Marten, in Frankfurt.


collected by :John Miller

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