Business »  Topic »  Dollar in holding pattern before US manufacturing, jobs data

Dollar in holding pattern before US manufacturing, jobs data


The dollar held gains against the yen on Wednesday ahead of data expected to show U.S. manufacturing activity, and hiring continued to recover from the economic shock caused by the coronavirus pandemic.

The euro was hemmed into a narrow range as traders awaited data on Germany's manufacturing sector, retail sales, and the jobless rate to gauge the health of the eurozone economy.

A surge in coronavirus infections in the U.S. south and southwest has worried some market participants, but most investors are betting this will not be enough to derail a broader rebound in the global economy ...


Read the full text thehindubusinessline