The U.S. dollar traded narrowly in the lower
The euro was quoted at
The dollar remained buoyant on optimism about U.S. economic recovery after jumping from the upper
The dollar was buoyed Thursday in
But "other U.S. figures including labor market participation and wages haven't quite caught up, so it's hard to tell if we will get a dramatic response from the Fed," Sakai said.
"Traders are holding off on bold dollar buying ahead of the (Federal Open Market Committee) minutes, due out Wednesday, which should illuminate feelings within the Fed about its outlook, with signs of hawkish sentiment in the minutes likely to drive up U.S. bond yields and lift the dollar against the yen," he said.
"The response of the
In particular focus are Fed vice chair
"We want to find out how closely Fischer is aligned with (Fed chair
"Although the jobs news certainly makes the U.S. economy look stronger and is conducive to earlier rate hikes, at this point the market is still stuck on the 'if,' let alone 'how,' 'when' or 'what' specific actions the Fed will take, so the dollar looks to stay narrowly bound for a while," Suzuki added.
The euro remained weighed down against the dollar in the aftermath of Friday's 1.7 percent decline in German manufacturing orders in May, with expectations picking up of added easing by the
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