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Dollar gets a breathe over China opening hopes, US jobs data in the spotlight

Dollar gets a breathe over China opening hopes, US jobs data in the spotlight

Dollar gets a breathe over China opening hopes The pound and the euro gained the ground they lost on Friday but they were set to suffer their largest weekly losses since September in advance of U.S. jobs data that could confirm the hawkish tone Fed Chair Jerome Powell delivered this week increasing the dollar. The main reason for the increase was the improved investor mood after reports that China might ease its anti-COVID policies, which led to China's currency strengthening rapidly. The euro closed up 0.24 percent at $0.9772 after trading at 0.54 percent higher. The sterling was trading up…
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