LONDON/SINGAPORE, May 10 - The dollar steadied on Friday after losing ground overnight on the back of U.S. data showing further signs of a cooling labour market, while the yen dipped as investors pushed back after suspected intervention last week.
That meant the dollar index , which measures the greenback against its major peers, was little changed at 105.26 after falling 0.3% on Thursday. "They're still offering the highest rates in the G10 space. So that, in tandem with low volatility, suggests the U.S. dollar will remain supported," he said."It's setting up to be more range-trading unless we see some kind of a shock."
"If indeed we go back to close to 160 then the risk of intervention does rise," said RBC's Tan."Verbal intervention has been increasing in the last few days for sure."
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