REUTERS/Dado Ruvic/IllustrationLONDON, Aug 3 (Reuters) - The dollar scaled a four-week peak against major peers on Thursday after upbeat labour market data a day earlier, while sterling edged lower ahead of an expected rate hike from the Bank of England.
"Rate differentials continue to move in favour of the dollar as U.S. rates have been firmer than European rates," Christensen added.
Against a stronger dollar, sterling fell 0.1% to $1.27.
"An outside bet of a 50-basis-point hike would be a surprise and would lead to a stronger pound," Christensen added.
"The U.S. dollar actually strengthened against most other currencies (and) there were risk-aversion trades across all the asset classes."
Persons:
Dado Ruvic, Niels Christensen, Christensen, nonfarm, Fitch, BOE, Nordea's Christensen, Tina Teng, Samuel Indyk, Rae Wee, Shri Navaratnam, Nick Macfie
Organizations:
REUTERS, Bank of England, U.S . Treasury, Treasury, Bank of Japan, New Zealand, CMC Markets, U.S, Thomson
Locations:
U.S, Asia, Beijing