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The dollar traded 0.3 percent from an eight-month low versus the euro as investors look to U.S. employment data due today to help assess the timing for a reduction in Federal Reserve stimulus. The U.S. Labor Department may say employers added 180,000 jobs last month after boosting positions by 169,000 in August, according to the median estimate of economists surveyed by Bloomberg News. The unemployment rate probably held at 7.3 percent, matching the lowest in 4 1/2 years.
The yen held losses from yesterday versus its peers as demand for safety waned before figures this week that may show consumer-price gains in Japan held near the fastest pace since 2008. In Japan, government data will probably show on Oct. 25 that nationwide consumer prices excluding fresh food rose 0.7 percent last month from a year earlier, according to the median forecast of economists surveyed by Bloomberg. The rate, the Bank of Japan’s favored measure of inflation, advanced to 0.8 percent in August, the fastest pace since November 2008.
EUR / USD: during the Asian session the pair fell to $ 1.3660
GBP / USD: during the Asian session, the pair fell to $ 1.6115
USD / JPY: during the Asian session the pair rose to Y98.35
The session's main release comes at 1230GMT, when the September Non-farm Payrolls data finally crosses the wires. The UK release calendar kicks off at 0830GMT, with the release of the September Public Sector Finance data.
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