US dollar slips as Aussie lifted by jobs data

 AFP, TOKYO: The dollar eased against most currencies in Asia early yesterday after surging at the start of the week, while a strong unemployment reading boosted the Australian dollar.
The Aussie surged more than one percent against the greenback, as government data showed the country's October jobless rate fell to a better-than-expected 5.9 per cent.
Investors moved into high-yield, or riskier, emerging currencies as they await speeches by Federal Reserve chief Janet Yellen and other US central bank policymakers for hints about their plans for US interest rates.
With US economic data showing improvement, the Fed is considering hiking rates next month, at the same time as other central banks -- including in Europe and Japan -- are mulling further loosening as growth at home struggles.

US dollar slips as Aussie lifted by jobs data

AFP, TOKYO: The dollar eased against most currencies in Asia early yesterday after surging at the start of the week, while a strong unemployment reading boosted the Australian dollar. The Aussie surged more than one percent against the greenback, as government data showed the countrys October jobless rate fell to a better-than-expected 5.9 per cent. Investors moved into high-yield, or riskier, emerging currencies as they await speeches by Federal Reserve chief Janet Yellen and other US central bank policymakers for hints about their plans for US interest rates. With US economic data showing improvement, the Fed is considering hiking rates next month, at the same time as other central banks -- including in Europe and Japan -- are mulling further loosening as growth at home struggles.