Asian shares struggled for direction on Friday and the dollar stood tall ahead of a key U.S. jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while fresh lockdowns in China fuelled concerns about global growth.

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The dollar was headed for its third weekly gain in a row and stood near its highest levels in decades against the euro and yen on Friday, with investors in little mood for selling ahead of U.S. labour data that could bolster the case for aggressive interest rate hikes.

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The dollar was headed for its third weekly gain in a row and stood near its highest levels in decades on the euro and yen on Friday, with investors in little mood for selling ahead of U.S. labour data that could bolster the case for interest rate hikes.

Read more ...