Dollar Lifts, Yen Slumps, Payrolls Loom
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The dollar hit a 2 1/2 year high against the yen and rose against the euro after Federal Reserve minutes indicated growing unease about further stimulus. [CNBC]
Expectations of a solid nonfarm payroll report also lifted the dollar. [marketwatch.com]
A widening spread between yields on Japanese and U.S. government bonds added to downward pressure on the yen. [CNBC]
The possibility of an early end to the Federal Reserve's bond buying program dampened appetite for the euro. [dailyfx.com]
Services activity shrank in the U.K. for the second time in three years, and the British pound fell. [dailyfx.com]
Concerns that the Federal Reserve could wind up its bond buying program ahead of schedule weighed on the Australian dollar. [WSJ]
Purchasing managers' indexes in Europe suggested the worst of Europe's downturn may have passed. [CNBC]
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