Dollar moves narrowly ahead of key jobs data

The euro edged down to US$1.2815 from US$1.2821 after firming overnight on the European Central Bank's decision to hike the region's growth and inflation forecasts for 2010 and 2011.

The euro also eased to 108.00 yen from 108.07 yen in New York.

The dollar bought 31.18 Thai baht, staying close to its lowest level since 2008. Thailand on Thursday ordered the central bank to monitor the baht and "prepare measures" after the currency climbed about 5.00-6.00 percent this year.

The dollar was rangebound against the yen and euro as "the market is waiting for the data in the absence of fresh trading pegs," Toshihiko Sakai, a dealer at Mitsubishi UFJ Trust and Banking, said of the U.S. report due later Friday.

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email