Dollar slips in anticipation of United States jobs reportTOKYO -- The U.S. dollar slipped against the yen and euro Friday ahead of a U.S. jobs report that will offer clues on what is in store for U.S. monetary policy, while jittery investors sold emerging market currencies. The U.S. central bank held off raising borrowing costs after its meeting last month following a sharply lower May jobs report. "The market's focus is on the U.S. jobs report," Jeon Seung Ji, a currency analyst at Samsung Futures in Seoul, told Bloomberg News. In Tokyo, the dollar dropped to 100.35 yen from 100.76 yen late Thursday in New York, while the euro rose to US$1.1078 from US$1.1065. Among riskier emerging market units, the oil-reliant Malaysian ringgit slumped 0.8 percent against the dollar, and South Korea's won was 0.4 percent off.

Source: The China Post July 08, 2016 17:48 UTC