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Dollar firm as investors await jobs data - REUTERS

NOVEMBER 01, 2024

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  • Dollar had best monthly performance in 2 years
  • Market on tenterhooks for jobs data later
  • Sterling heads for longest string of weekly losses since 2018

LONDON, Nov 1 (Reuters) - The dollar steadied on Friday, as investors awaited the U.S. jobs report, which could confirm the economy remains robust ahead of the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week.
October witnessed the dollar's best monthly performance in more than two years, boosted by investors lowering their expectations for aggressive rate cuts from the Federal Reserve.

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