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Dollar Near Lows on Players' Data Nerves (weak U.S. data)

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Nambe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-04 01:31 AM
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Dollar Near Lows on Players' Data Nerves (weak U.S. data)
TOKYO (Reuters)


The dollar barely moved off recent lows on Thursday after soft manufacturing data left traders nervous of building positions ahead of U.S. jobs data later in the week.

A series of weak U.S. data has increased concerns that the world's largest economy may be running out of steam, giving Friday's U.S. payroll report extra importance for many players.

``There are tremendous uncertainties and nervousness around this number, I think,'' said Jake Moore, a currency strategist for Barclays Bank in Tokyo.

``It seems that people are going to sit on their hands until the numbers on Friday,'' he added. ..
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