The dollar held gains, trading at a 5 1/2-year high versus major peers, while emerging-market stocks retreated before U.S. payrolls data. Oil was headed for its sixth straight weekly drop as gold maintained losses.
The Bloomberg Dollar Spot Index rose 0.1 percent to 1,098.55 by 10:46 a.m. in Tokyo, set for its highest close since 2009, as the greenback extended advances versus Korea’s won and the Malaysian ringgit. The MSCI Emerging Markets Index slid 0.5 percent in a fifth day of losses, while Japan’s Topix index added 0.8 percent. Standard & Poor’s 500 Index futures were little changed after the gauge climbed to a record. Oil fell for the sixth time in seven days as silver sank 0.5 percent. Gold was headed for a third weekly retreat.
The October payrolls report comes amid signs of strength in the U.S. economy, with data yesterday showing fewer Americans than analysts projected filed for unemployment benefits. While the Federal Reserve pares stimulus, central banks in Europe, Japan and China are signaling additional easing. Germany reports industrial production today, before data on Chinese trade due tomorrow.