Asian session: Australia’s currency rose
The dollar held onto two days of gains versus the euro before a U.S. government report that economists said will show employers added the most jobs in three months in January.
The euro headed for a weekly loss against most of its major counterparts as European Union leaders prepared to meet today to discuss the region’s debt crisis and traders cut bets on the outlook for interest-rate increases.
Australia’s currency rose to a one-month high after the central bank lifted its growth and inflation forecasts in a quarterly report today.
EUR/USD: the pair bargained within the limits of $1.3615-$ 1.3640.
GBP/USD: the pair bargained within the limits of $1,6120-$ 1,6170.
USD/JPY: the pair bargained within the limits of Y81,50-Y81,70.
The main event comes with the US labor market data at 1330GMT. Non-farm payrolls are expected to increase by 136,000 in January following the 103,000 gain in December, with annual revisions due with this month's data. Private payrolls are seen up 165,000, while the unemployment rate is forecast to increase to 9.5% after the 0.4 point drop in December to 9.4%. Hourly earnings are expected to post a 0.2% increase, while the average workweek is forecast to remain unchanged at 34.3 hours in January. Later data, at 2000GMT sees Treasury STRIPS data for January.