The U.S. dollar found its footing in early Asian trading on Tuesday, holding above eight-month lows as investors hedged their bets in case the delayed U.S. payrolls report for September was stronger than expected.
The U.S. dollar index, which tracks the greenback’s performance against a basket of major currencies, edged up to 79.725, holding above Friday’s trough of 79.478 but still nursing losses of more than 1 percent since Wednesday.
The dollar has been hit hard as investors bet this month’s 16-day government shutdown would have taken a toll on the world’s biggest economy, forcing the Federal Reserve to maintain its massive stimulus program until next year.
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