Dollar climbs on Iran deal doubts and US rate signals

ERBIL, Iraq — The dollar rose against the yen and euro on Friday as doubts grew over a possible agreement with Iran and US Treasury yields advanced. The move came ahead of the monthly US jobs report due the same day, while a Financial Times report citing sources close to Federal Reserve Chair Jerome Powell pointed to the possibility of a rate hike in September. In Asian morning trade, the dollar stood at 158.505 yen after gaining 0.4 percent in the previous session, putting it on track for a weekly advance of roughly 0.7 percent. The euro slipped to 1.1521 against the dollar, which had risen 0.3 percent in the prior session. Brent crude climbed more than 1 percent to $83.55 a barrel as geopolitical risks in the Middle East increased. The British pound fell to $1.3449, the Australian dollar slipped to 0.7029 and the New Zealand dollar dropped to 0.5866.