Friday, October 05 10:18:34
The euro hovered near a two-week high versus the dollar today after the European Central Bank reiterated it was ready to buy bonds to tackle the debt crisis, with further gains seen dependent on U.S. jobs data later in the session.
A better-than-expected U.S. non-farm payrolls number, released at 1230 GMT, could soothe concerns about the health of the world's largest economy and fan demand for perceived riskier currencies against the safe haven dollar.
A Reuters consensus forecast showed market players were expecting 113,000 jobs to be added.
"Today if we see a good U.S. number, say above 160,000, that would be bullish for risk and bearish for the dollar," said Daragh Maher, currency strategist at HSBC.
The euro was down 0.1 percent at $1.3003 but held within sight of Thursday's two-week peak of $1.3032. Strategists said there was resistance around $1.3172, the September high. (C ) Reuters