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- European focus: the dollar rose to a two-week high against the yen before a U.S. report today that may show employers added jobs for a third month.
European focus: the dollar rose to a two-week high against the yen before a U.S. report today that may show employers added jobs for a third month.
The dollar rose 0.2 percent to 83.51 yen at 10:08 a.m. in London, after touching 83.60 yen, the highest level since Dec. 22. The euro depreciated for a fifth day to $1.2992, after earlier falling to $1.2961, the weakest since Sept. 15. The single currency was at 108.51 yen from 108.35 yen.
GBP/USD the pound is trading rangebound.
USD/JPY the yen is trading flatbound.
The main event starts at 1330GMT with US Labor Market Data, where non-farm payrolls are expected to rise 160,000 in December following the surprisingly weak 39,000 rise in November. Private payrolls are now seen up 180,000, as ADP predicted a near 300,000 gain. The unemployment rate is forecast to fall to 9.7% from 9.8% in November, though annual revision to the household survey data could impact the reported monthly rates for the last year. Hourly earnings are expected to post a 0.1% rise, while the average workweek is forecast to hold
steady at 34.3 hours in December.
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