Friday, April 06, 2012

US dollar mixed ahead of key US jobs report

NEW YORK: The US dollar rose slightly against the euro but was down against the yen Thursday, ahead of the release of key US unemployment figures for March.

Traders awaited the publication of last month's jobs report early Friday to take their cue, leaving forex markets broadly unchanged.

"The monthly employment report has always been a major event for the fixed income and broader markets," said analysts at Nomura.

"However we think tomorrow's numbers have a greater importance given where we are in the recent uptick in the recovery."

By 0030 GMT, the euro was down 0.06 percent to $1.3057. The dollar fell to 81.835 yen, down 0.75 percent and the pound was virtually unchanged at $1.5829.

Economists expect the US unemployment rate was unchanged at 8.3 percent, while the economy created around 200,000 jobs.

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Source From Channel News Asia

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