Dollar's fate hangs on whether jobs gains outweigh China for Fed

New York

FOR dollar bulls, policymakers in China navigating currency and stock market turmoil may compete with US economic performance for attention from the Federal Reserve.

The greenback fell versus traditional haven currencies, posting its worst weekly loss versus the yen since August 2013, as China's moves to manage the yuan precipitated a stock rout and fuelled risk aversion around the world. The dollar, meanwhile, rallied versus commodity-exporting and emerging-market peers as a better-than-forecast US jobs report showed domestic economic strength, in contrast with slowing growth elsewhere.