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Friday 6 December 2013

Dollar mixed vs. rivals ahead of U.S. jobs report

The dollar was mixed against the other major currencies on Friday, as markets were eyeing the release of a highly anticipated U.S. jobs report later in the day, amid growing expectations for the Federal Reserve to soon begin tapering its monthly bond purchases.

During European morning trade, USD/JPY rose 0.32% to 102.11.

The greenback remained supported after the U.S. Commerce Department on Thursday said gross domestic product increased at a seasonally adjusted annual rate of 3.6% in the three months to September, above expectations for growth of 3.0% and up from a preliminary estimate of 2.8%. 

Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week fell by 23,000 to a seasonally adjusted 298,000, from 321,000 in the previous week whose figure was revised up from 316,000.

Elsewhere, EUR/USD was down 0.01% to 1.3665.

The pound edged higher against the dollar, with GBP/USD up 0.16% to 1.6362. 

Industry data earlier showed that house price inflation in the U.K. rose 1.1% in November, beating expectations for a 0.6% increase, after an upwardly revised 1.3% rise the previous month.

The dollar was little changed against the Swiss franc, with USD/CHFeasing 0.06% to 0.8962. 

Official data showed that Swiss consumer price inflation was flat last month, compared to expectations for a 0.2% fall, after a 0.1% downtick in October.

The greenback was steady to higher against the Australian, New Zealand and Canadian dollars, with AUD/USD flat at 0.9062, NZD/USDslipping 0.30% to 0.8195 and USD/CAD up 0.03% to 1.0659.

The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.08% to 80.35. 

Later in the day, the U.S. was to release government data on nonfarm payrolls and the unemployment rate, while the University of Michigan was to produce the preliminary reading of its consumer sentiment index. 

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