By Stanley White
TOKYO (Reuters) – The dollar steadied against major currencies on Friday as traders awaited key U.S. jobs data that may cast doubt on the strength of economic recovery from the coronavirus outbreak.
The Australian dollar clawed back early losses and stabilised after the country’s retail sales accelerated in July, easing concern about the economy.
The greenback has managed to halt its recent slide, but analysts warn sentiment remains weak due to concern about the strength of U.S. economic growth and speculation that the Federal Reserve will keep rates low for a very long time.
“The dollar has rebounded against the euro and could continue to rise a little further,” said Junichi Ishikawa, senior foreign exchange strategist at IG Securities in Tokyo.
“However, my main scenario is for the dollar to fall, for stocks to rise and for yields