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Dollar Weaker Ahead of Employment News

The dollar gave up recent gains on the euro and yen as traders stood on the sidelines in anticipation of the Non-Farm Payroll report due Friday morning. In London morning trade, the euro rose to 1.4897 dollars from 1.4868 dollars late in New York on Thursday. Against the Japanese currency, the dollar fell to 90.50 yen from 90.72 yen late on Thursday.

“There is still an appetite for risk-taking in the market but it’s difficult for players to take aggressive positions before the jobs data and the G20,” said Yuji Saito, head of foreign exchange at Societe Generale in Tokyo.

AFP News [1]

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Scott Boyd

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