By Daniel Tilles
Aug. 7 (Bloomberg) -- The dollar and the yen may resume gains unless the U.S. jobs figures today are better than expected, according to RBC Capital Markets.
“It is worrying that whisper numbers for non-farm payrolls are skewed toward a much higher figure since upward momentum in risk appetite appears to be fading,” Sue Trinh, a senior currency strategist in Sydney, wrote today in a report. “We will really need to see a monster non-farm payrolls headline to generate fresh upside momentum. Otherwise, the risk is skewed toward a dollar and yen revival.”
To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net
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