Dollar On Five Week Roll Against Peers – 5 May, 2022

The dollar was on track for a fifth winning week against major peers ahead of the U.S. jobs report. Economists predict a solid 391,000 U.S. jobs were added last month, according to a poll. Against six major peers, the dollar index was 0.02% higher to 103.59, up 0.35% for the week. Against the yen, the greenback was up for the ninth straight week, up 0.22% higher to 130.46 yen, gaining 0.46% for the week. The euro slipped 0.11% to $1.0529 on Friday, keeping it down 0.12% for the week, but the currency has mostly traded sideways since sliding to a five-year trough of $1.04695 last week. Sterling was 0.05% lower to $1.23475, having dropped 2.22% overnight, the most in two years,  after the Bank of England warned of the risk of recession as it raised interest rates by half a percentage point. The Aussie was 0.27% lower at $0.7093 but remained on course for a 0.52% rally against the greenback for the week.