The
dollar was within 0.1 percent of the strongest in three months versus
the euro as an increase in Treasury yields and jobs data tomorrow
predicted to show an improving labor market boosted the U.S. currency.Demand for the single currency was limited before a report today projected to show euro-area inflation slowed in May, strengthening the case for the European Central Bank to expand easing on June 5. Australia��s dollar held a drop from yesterday, its biggest in two weeks, as economists forecast the Reserve Bank will maintain record-low interest rates at a policy meeting today.
China, Australia��s largest trading partner, will release reports on services and manufacturing.
The dollar was little changed at $1.3596 per euro as of 9:13 a.m. in Tokyo after appreciating to $1.3586 on May 29, the strongest level since Feb. 13. The U.S. currency traded at 102.42 yen following a 0.6 percent gain yesterday. The euro was at 139.27 yen from 139.21.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major counterparts, was little changed at 1,014.97 after yesterday reaching the highest since April 7.
Source : Bloomberg
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