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Dollar hits highest since April as payrolls awaited

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Reuters

By Ritvik Carvalho LONDON (Reuters) – The dollar index hit 3-month highs on Thursday, ahead of a U.S. jobs report that could offer clues on when the Federal Reserve will start to pare back stimulus. The U.S. currency rose as high as 111.165 yen for the first time since March 26, 2020, before trading flat compared to Wednesday at 111.095. The dollar index, which measures the greenback against six counterparts, rose to 92.496 in early European deals, its highest since April 6. The index posted its best month since November 2016 in June, driven by the Federal Open Market Committee (FOMC)’s surpri…

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