Time to buy the world’s worst currencies
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Greenback is pressured by mediocre American data as jobs report awaited
On Friday, the evergreen buck stayed off this week's minimums in cautious trade because market participants waited for major monthly American employment data after other poor economic data cast doubts on whether the US major bank will lift interest rates again in 2017.
The dollar index, normally gauging the US currency versus a bunch of six rivals, didn’t change, sticking to 92.688, braced for a moderate weekly decline. It stood above this week's 2-1/2-year minimum of 91.621 reached amid renewed tensions on the Korean peninsula.
On Friday, Japanese Finance Minister Taro Aso announced that he was cancelling a scheduled trip to America for preparatory economic negotiations because of national security uncertainties generated by North Korea after it launched a ballistic missile, which flew over Japan on Tuesday.
Versus the Japanese yen, the evergreen buck soared 0.1% hitting 110.04, gaining 0.6% for the week and quite above this week's 4-1/2-month drop of 108.265 yen.
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Time to buy the world’s worst currencies
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