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Currency markets await BoE decision, US jobs data

This article was originally published in Dairy Markets

The dollar was steady against the other major currencies this morning, hovering below yesterday's second five-week high in two days versus the yen of US$1 = ¥119.08. Rallying stock markets on Tuesday reignited risk appetite leading investors to sell the low-yielding yen, but Wednesday's gains for the dollar were capped ahead of Friday's US jobs report. Markets are also awaiting today's Bank of England rate decision, and next week's meeting of the Group of Seven finance ministers may yield some comments on currencies.


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