Dollar weakens broadly in Asian session, continuing its selloff from the previous night, as influenced by rebound in US stocks and falling treasury yields. The focus is now squarely on today's non-farm payroll report, a key indicator closely monitored by Fed policymakers. Preliminary data suggest possibility for an upside surprise in the jobs figures For the Federal Reserve to consider rate cuts, there needs to be a clear trend of loosening in the job market that could contribute to cooling domestic inflation. Strong employment data today would suggest that high interest rates would need to persist longer than some investors anticipate, maintaining a restrictive policy environment to temper inflation pressures... |