US dollar near six-week highs

Published Thu, Oct 4, 2018 · 09:50 PM

London

THE DOLLAR held near a six-week high on Thursday as an overnight jump in US Treasury yields prompted investors to buy the greenback before monthly jobs data on Friday which may show the US economy growing at a robust pace.

The Institute for Supply Management's (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997, and the ADP National Employment Report showed private payrolls jumped by 230,000 jobs in September, the largest gain since February.