New york: The dollar declined on Thursday in a volatile week amid bond market tensions and data showing a weak US labor market, reinforcing expectations of an interest rate cut this month. With the Federal Reserve focusing on the labor market, Friday's key jobs report will set the tone for near-term interest rate expectations after data on Wednesday showed job openings fell to a 10-month low in July.
According to Yemen News Agency, the euro held onto its overnight gains and last traded at $1.165775. The pound was steady at $1.3442 in early Asian trading, while the yen was last at 148.12 against the dollar after posting small gains in the previous session. The dollar index, which measures the greenback's performance against six major currencies, was steady at 98.178 after falling 0.17 percent the day before.
The Australian dollar stabilized at $0.6545, while the New Zealand dollar was last trading at $0.5881.