Dollar advances after data as eyes turn to jobs report

The dollar index climbed on Friday (Oct 25), with the greenback on track for a fourth consecutive weekly gain as this week's data kept the Federal Reserve's interest rate expectations stable. Investors are now focused on next week’s crucial payroll report.

Strong economic data has dampened expectations of rapid Fed rate cuts, boosting US Treasury yields.

Additionally, the Commerce Department reported that non-defense capital goods orders, excluding aircraft—a key indicator for business spending—rose by 0.5% last month, following a steady 0.3% increase in August, surpassing the 0.1% rise anticipated by economists surveyed by Reuters.