SINGAPORE, Oct 6 Reuters The dollar charged toward a 12week winning streak on Friday, though it remained mostly rangebound as markets looked to U.S. nonfarm payrolls data later in the day for clues on whether the Federal Reserve39;s hawkish messaging on rates will need tweaking.
The dollar index , which earlier in the week hit a roughly 11month high of 107.34, last settled at 106.43, but remained on track for 12 straight weeks of gains. The last time it clocked such a milestone was in 2014.
Against the euro , the greenback was similarly headed for a record winning run of 12 successive weeks.
The single currency was last 0.07 lower at 1.0541.
Friday39;s closelywatched U.S. jobs report comes on the heels of a run of resilient economic data which has reinforced the Fed39;s rhetoric of higherforlonger rates and sent the greenback and U.S. Treasury yields surging.
There39;s an element here of just taking stock ahead of what should be a very important data release, said Rodrigo Catril, senior FX strategist at National Australia Bank.
We39;ve got to be mindful that at the moment, U.S. Treasury yields and the dollar, in particular, have been very reactive to positive data releases coming from the U.S., and therefore there39;s potential for fireworks tonight.
A broad selloff in world government bonds also stabilised on Friday, with the 30year U.S. Treasury yield last at 4.8836, after spiking above 5 for the first time since 2007 earlier in the week.
Bond yields move…