NEW YORK/LONDON: The dollar’s rebound slowed on Wednesday with the euro and Japanese yen holding near widely watched levels as foreign exchange markets looked for clues to their next move, possibly from the US jobs report on Friday.
The euro hung just above a two-month low of $1.20 as the yen spent a second day around 105.
The broader dollar index was up 0.05% at 91.134 in morning trading in New York after rising to a two-month high of 91.283 during the previous session.
The dollar is up 1.3% this year as investors look to a widening disparity between the strength of the US and European pandemic recoveries.
“The dollar bounce has slowed but may not be over,” strategists at Brown Brothers Harriman wrote on Wednesday.
The yen has been steady against the dollar after the greenback benefited from a long and massive bout of short-covering.