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GLOBAL MARKETS-Markets on Tenterhooks Ahead of Key US Jobs Data

September 06, 2024, 10.02 AM | Source: Reuters
GLOBAL MARKETS-Markets on Tenterhooks Ahead of Key US Jobs Data

ILUSTRASI. A man walks past an electronic screen displaying the current Japanese Yen exchange rate against the U.S. dollar, Euro and other foreign currencies in Tokyo, Japan July 12, 2024, REUTERS/Issei Kato

GLOBAL MARKET - SYDNEY. Asian shares clung to tight ranges and the dollar nursed losses on Friday, with investors on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy.

As of now, oil prices are staring down their worst week in more than a year to hover just above a critical chart level, with their near-term fate depending on the payrolls report due later in the day.

Read Also: GLOBAL MARKETS-Global Equity Index Slips Ahead of US Jobs Data; Oil Steadies

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