Market News
Dollar inches higher as investors brace for US data deluge - REUTERS
Summary
- US data dump begins this week, September payrolls due Thursday
- Currency traders on guard, US dollar firms
- Sterling under pressure in run-up to UK budget
- Japan's economy contracts for first time in six quarters
SINGAPORE/LONDON, Nov 17 (Reuters) - World currency markets started the week in a cautious mood with the dollar just a touch higher on the euro, yen and sterling, as traders fine tuned their positioning ahead of what could be a busy week with the long-awaited return of U.S. economic data.
Market reaction to U.S. President Donald Trump's tariff U-turn on more than 200 food products was muted, with some analysts saying the move was not a surprise due to the cost-of-living issues caused by the levies.
