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01:45China HSBC Services PMIDecember 52.150.6
The yen extended its longest weekly losing streak since 1989 against the dollar before U.S. data forecast to show hiring increased the most in four months. U.S. Labor Department data may show today that nonfarm payrolls rose by 153,000 last month, the most since August, according to the median estimate of economists surveyed by Bloomberg News. The report will follow figures from the ADP Research Institute yesterday showing companies in the U.S. added 215,000 workers in December, exceeding the 140,000 increase forecast by economists.
The U.S. currency rose for a third day versus the euro after minutes of the Federal Reserve’s last meeting showed policy makers may end their $85 billion monthly bond purchases this year, halting a program that tends to debase the greenback. A few members of the Federal Open Market Committee “expressed the view that ongoing asset purchases would likely be warranted until about the end of 2013,” minutes of their Dec. 11-12 meeting showed yesterday. “Several others thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013, citing concerns about financial stability or the size of the balance sheet.” At that meeting, the FOMC announced Treasury purchases of $45 billion a month in addition to $40 billion a month of mortgage-debt purchases begun in September.
Australia’s dollar weakened against most of its 16 major counterparts after service-industry indexes for Australia and China dropped in December. HSBC Holdings Plc and Markit Economics said today a purchasing managers’ index of Chinese non-manufacturing industries fell to 51.7 from 52.1 in November. A separate report from Commonwealth Bank of Australia (CBA) and the Australian Industry Group showed their gauge for the nation’s services industry decreased to 43.2 from 47.1. Readings below 50 signal contraction for both indexes.
EUR / USD: during the Asian session the pair fell to $ 1.3020.
GBP / USD: during the Asian session the pair fell to $ 1.6055.
USD / JPY: during the Asian session, the pair rose to Y87.85.
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