Dollar ticks up ahead of busy data week; yen under pressure

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Dollar ticks up ahead of busy data week; yen under pressure
France Dernières Nouvelles,France Actualités
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SINGAPORE/LONDON, Aug 29 - The U.S. dollar ticked up slightly on Tuesday after a strong run though traders held off from large bets ahead of a slew of economic data this week, while the Japanese yen languished near levels that triggered intervention last year.The index is up over 2% this month and is coming off a run of six weeks of gains as resilient U.S. economic data bolstered expectations that rates may stay higher for longer.

Personal consumption expenditure data, the Fed's favoured inflation gauge, is due Thursday and non farm payrolls will come on Friday, though job openings figures for July released later on Tuesday will help set the tone. Economists polled by Reuters expect job openings to come in at 9.465 million, easing slightly from June.

The euro was flat at $1.081, with Hardman saying the single currency had found support around the $1.08 level, and sterling was last at $1.260, steady on the day, moving off two-month lows from last week.

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