© Reuters. The dollar is advancing in the view of the u.s. job
The u.s. dollar has held up against the other major currencies on Friday, with investors remaining cautious before the release of key u.s. data on employment, later in the day, while the comments hawkish federal Reserve this year have continued to provide a lightweight support.
The ticket remains supported after the Fed signaled its confidence in the inflation and growth.
The Fed has stated that inflation is expected to increase this year, boosting the forecast of a rate increase for the presidency of Jerome Powell.
The Fed has maintained its interest rates unchanged Wednesday, as expected. The meeting was the last for the current Fed president Janet Yellen.
Investors are turning to the report on the payroll non-farm Friday.
The index dollar, which measures the greenback’s strength against a basket of currencies, ahead of 0.28% to 88.73 at 05:15 a. m. AND (09:15 GMT).
The euro is declining, with the EUR/USD down 0.24% to 1.2484 and the GBP/USD lost 0.37% to 1.4215.
The yen is weaker, with USD/JPY up 0.28% to 109.73 and the USD/CHF is stable at 0.9268.
The research group Markit reported on Friday that its index of Uk construction fell to 50.2 from 52,2 in the previous month and against forecasts of a reading of 52.0.
The yen is weaker, with USD/JPY up 0.43% to 109.88 and the USD/CHF is gaining 0.24% at 0.9288.
In the meantime, the USD/CAD is gaining 0.30% at 1.2303.