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    <title>Business Recorder - News</title>
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    <pubDate>Fri, 14 Aug 2026 13:08:28 +0500</pubDate>
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      <title>Dollar in tight range ahead of US jobs data</title>
      <link>https://www.brecorder.com/news/1816/dollar-in-tight-range-ahead-of-us-jobs-data</link>
      <description>&lt;p&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/forex.jpg" width="400" height="300" /&gt;TOKYO:&lt;b&gt; &lt;/b&gt;The dollar stayed in a narrow range Friday as cautious investors awaited the release of US jobs data, while the euro remained weaker after the European Central Bank dampened rate hike speculation.&lt;/p&gt;
&lt;p&gt;Trading was lackluster, with the Lunar New Year holidays keeping many regional players away from the market, dealers said.&lt;/p&gt;
&lt;p&gt;The dollar stood at 81.55 yen, little changed from 81.59 yen in New   York.&lt;/p&gt;
&lt;p&gt;The euro bought $1.3632 and 111.20 yen, little changed from $1.3630 and 112.23 yen in New York.&lt;/p&gt;
&lt;p&gt;The euro recorded its sharpest decline in 10 weeks on Thursday from $1.38 to around $1.36 as the ECB kept interest rates on hold and bank president Jean-Claude Trichet struck a less hawkish tone than previously.&lt;/p&gt;
&lt;p&gt;Investors were focused on US non-farm payrolls data due later in the global day.&lt;/p&gt;
&lt;p&gt;"The market will likely react more to worse-than-expected results than better-than-expected results," Masafumi Yamamoto, chief foreign exchange strategist at Barclays Bank in Japan, said in a report.&lt;/p&gt;
&lt;p&gt;The directionless forex trade came despite a comment by US Fed Chairman Ben Bernanke on Thursday that the US recovery was gaining pace -- the comment boosted Wall Street.&lt;/p&gt;
&lt;p&gt;It is too early to guess what path the US Federal Reserve will take after the second round of quantitative easing ends in June, Akira Hoshino, a senior dealer at Bank of Tokyo-Mitsubishi UFJ, told Dow Jones Newswires.&lt;/p&gt;
&lt;p&gt;Bernanke's "confidence in the monetary easing, given he does not talk about negative effects of it," makes it difficult to predict whether the programme will end in June, Hoshino said.&lt;/p&gt;
&lt;p&gt;Political turmoil in Egypt also helped buoy safe-haven units as anti-government demonstrators prepare another major rally against President Hosni Mubarak.&lt;/p&gt;
&lt;p&gt;The dollar was mixed against regional Asian currencies.&lt;/p&gt;
&lt;p&gt;It rose to Sg$1.2738 from Sg$1.2731 on Thursday, but was flat at 1,113.60 Korean won and Tw$29.02.&lt;/p&gt;
&lt;p&gt;The dollar slipped to 30.80 Thai baht from 30.87, to 9,028.00 Indonesian rupiah from 9,030.00, and to 43.78 Philippine pesos from 43.94.&lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/i&gt;&lt;/b&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/forex.jpg" width="400" height="300" />TOKYO:<b> </b>The dollar stayed in a narrow range Friday as cautious investors awaited the release of US jobs data, while the euro remained weaker after the European Central Bank dampened rate hike speculation.</p>
<p>Trading was lackluster, with the Lunar New Year holidays keeping many regional players away from the market, dealers said.</p>
<p>The dollar stood at 81.55 yen, little changed from 81.59 yen in New   York.</p>
<p>The euro bought $1.3632 and 111.20 yen, little changed from $1.3630 and 112.23 yen in New York.</p>
<p>The euro recorded its sharpest decline in 10 weeks on Thursday from $1.38 to around $1.36 as the ECB kept interest rates on hold and bank president Jean-Claude Trichet struck a less hawkish tone than previously.</p>
<p>Investors were focused on US non-farm payrolls data due later in the global day.</p>
<p>"The market will likely react more to worse-than-expected results than better-than-expected results," Masafumi Yamamoto, chief foreign exchange strategist at Barclays Bank in Japan, said in a report.</p>
<p>The directionless forex trade came despite a comment by US Fed Chairman Ben Bernanke on Thursday that the US recovery was gaining pace -- the comment boosted Wall Street.</p>
<p>It is too early to guess what path the US Federal Reserve will take after the second round of quantitative easing ends in June, Akira Hoshino, a senior dealer at Bank of Tokyo-Mitsubishi UFJ, told Dow Jones Newswires.</p>
<p>Bernanke's "confidence in the monetary easing, given he does not talk about negative effects of it," makes it difficult to predict whether the programme will end in June, Hoshino said.</p>
<p>Political turmoil in Egypt also helped buoy safe-haven units as anti-government demonstrators prepare another major rally against President Hosni Mubarak.</p>
<p>The dollar was mixed against regional Asian currencies.</p>
<p>It rose to Sg$1.2738 from Sg$1.2731 on Thursday, but was flat at 1,113.60 Korean won and Tw$29.02.</p>
<p>The dollar slipped to 30.80 Thai baht from 30.87, to 9,028.00 Indonesian rupiah from 9,030.00, and to 43.78 Philippine pesos from 43.94.</p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b></center></p>
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      <guid>https://www.brecorder.com/news/1816</guid>
      <pubDate>Fri, 04 Feb 2011 05:22:44 +0500</pubDate>
      <author>none@none.com (Syed Murtaza Gheblehzadeh)</author>
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