Dollar steady as investors eye U.S. jobs report, election [CNBC]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: CNBC
Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto to Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan (BOJ) in the previous session. The U.S. dollar started November off at a lower level after coming under pressure against the yen and euro on Thursday. Nonfarm payrolls data closes out the week, with economists polled by Reuters estimating 113,000 jobs were added in October, although analysts say that the number could be impacted by recent hurricanes in the U.S. That's likely to make the October jobs report “incredibly hard to read,” Tapas Strickland, head of market economics at National Australia Bank, wrote in a note. The unemployment rate, expected to come in at 4.1%, may offer a clearer picture of labor markets. “Such an outcome would likely see the unemployment rate coming in well below the FOMC's September projections of the unemployment rate lifting to 4.4% in Q4 20
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