Dollar at 3-month high as payrolls paralysis sets in

The dollar was at three-month high on Friday and world shares headed for their fifth of six weeks of gains, ahead of US jobs data expected to nudge the Federal Reserve towards its first interest rate hike in almost a decade.

Bets on a December Fed hike are very much back on following the US central bank's last meeting and the dollar's strength, combined with the highest 2-year US government bond yields since 2011 showed there were high hopes for the jobs numbers.

The health of the US jobs market is one of the key factors in the Fed's thinking and economists polled by Reuters expect the data at 1330 GMT to show 180,000 jobs were added last month and the overall unemployment rate staying 5.1 per cent.

[Other people are reading: Recruitment: Common lies by Employees ]

Investors in both Europe and Asia used the wait for the data to skim off some of the week's profits in global stock markets.

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