Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal Reserve to slow its current aggressive pace of interest rate hikes over the coming months.
Investors are now looking to the U.S. Labor Department’s comprehensive jobs report, due later on Friday, for confirmation of a slowdown in the employment market, which could convince the Fed to go slow on interest rate hikes for the rest of the year.
"Any deviation from these figures that shows the labour market hanging together better than this might well be negative for equities and vice versa," Carnell said. "Front-end rate hike pressure that had built the day prior on robust economic data immediately eased off after a weaker than expected May ADP employment print, suggesting things are cooling off," said Stephen Innes of SPI Asset Management.
The U.S. dollar currency index , which tracks the greenback against six major currencies, was at 101.770, pausing a rally earlier in the week.
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