Lee Seok Jin, manager of Financial Markets Division and FX Platform Business Dept, eats dinner while working a late-night shift in preparation for the launch of South Korea's 24-hour won-dollar trading market from July 6, at Hana Bank's dealing room in Seoul, South Korea, on June 16, 2026. (Reuters/Kim Hong-Ji)
The dollar drifted higher against the yen and euro on Friday, building on the previous day's gains as doubts about an Iran peace deal buffed the US currency's appeal as a haven.The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to Federal Reserve Chair Kevin Warsh pointed to the potential for a September interest rate hike, depending on incoming data.
The monthly US payrolls report, due later on Friday, could provide more clues on the Fed's rate path.
The dollar rose slightly to 158.505 yen in the Asian morning, after gaining 0.4 percent on Thursday, putting it on course to rise around 0.7 percent this week as it recovered from a bout of joint Japan-US intervention that sent the US currency tumbling from near a four-decade high above 163 yen on Thursday to a 13-week low of 155.20 on Monday.
Against the euro, the greenback edged up to $1.1521 after strengthening about 0.3 percent in the prior session.
