The Dollar Is Falling Against Everything Ahead of Key Jobs Data
- New Zealand’s dollar, South African rand among market leaders
- Strong U.S. jobs data may prompt Fed tapering in September
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The greenback dropped against just about every major currency Tuesday as traders look to U.S. jobs data this week for the next steer on market direction.
Commodity producers were among the biggest gainers, with New Zealand’s dollar and South Africa’s rand advancing close to 1%. The euro also got a bump following comments on stimulus withdrawal from European Central Bank official Robert Holzmann.