Dollar Holds Position of Near Two-Month High

Tokyo, 10 Oct (ONA) --- The dollar index, which measures the currency against six key rivals, stuck close to an almost two-month top touched overnight, as traders further pared bets for US rate cuts this year after last week's unexpectedly strong payrolls data.

The US dollar rose to a 10-week peak against the yen on Thursday as markets grew more confident about a patient approach by the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day.

The dollar index was little changed at 102.89, only slightly below Wednesday's high of 102.93, a level last seen on Aug. 16.

The US currency edged up to 149.40 yen, and earlier touched 149.54 yen for the first time since Aug. 2.

The euro was flat at $1.0940 following its dip to $1.0936 in the previous session.

--- Ends/AG