USD/JPY

Dollar Gains for Fourth Day; Pound Lags Peers on Rate-Cut Hopes

The dollar extended gains for a fourth day, posting its longest winning streak in a month; all G-10 currencies retreated, led by the British pound as Bank of England Governor Andrew Bailey said he sees chance of more aggressive easing. 

The Bloomberg Dollar Spot Index rises 0.3% Thursday, climbing 1.1% so far this week.

GBP/USD drops 1.1% to 1.3117, down most since April 10 amid Bailey's remarks.

The comments had an out-sized impact on markets because for months the view had been that the UK would lag peers in easing policy.

USD/JPY rises 0.1% to 146.61, up for a second day.

READ: Yen Carry Trade Back in Spotlight as Ishiba U-Turn Jolts Markets.

EUR/USD falls 0.1% to 1.1030, down a 5th day in the longest losing streak since mid-April.

USD/CAD climbs 0.3% to 1.3542, up a 4th day in five.

US data Thursday include Challenger job cuts, initial and continuing jobless claims, S&P Global US services and composite PMIs, factory, durable and capital goods orders as well as ISM services, prices paid, employment and new orders indexes.

Source: Bloomberg

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