The dollar rose to a high for the week after a private employment survey signaled upside risks to forecasts for Friday’s U.S. jobs report. The greenback rose versus all of its G-10 peers and the Bloomberg dollar index touched its highest since Federal Reserve Chair Janet Yellen said on March 3 that a rate hike seemed likely this month. The dollar gain was underpinned by a rise in the 10-year Treasury yield to its highest since December, while commodity-related currencies were hurt by a drop in crude oil and metals. The ADP Research Institute reported that private payrolls grew 298,000 in February, well above forecasts, prompting Goldman Sachs and Morgan Stanley to raise their estimates for the jobs report. Commerce Secretary Wilbur Ross said that the administration is working on getting trade promotion authority and likely will begin renegotiating Nafta later this year; Canada and Mexico will need to […]