Dollar Inches Toward One-Year High as Payrolls Test Looms

Dollar Inches Toward One-Year High as Payrolls Test Looms
A U.S. dollar banknote is seen in this illustration taken on May 26, 2020. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

LONDON—The U.S. dollar edged back toward a one-year high versus major peers on Tuesday ahead of a key payrolls report at the end of the week that could boost the case for the Federal Reserve to start tapering stimulus as soon as next month.

The safe-haven greenback was also supported by an equity sell-off that spread from Wall Street to Asia.