US dollar edges up

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The dollar edged up against major currencies in quiet trade Thursday, ahead of the release of monthly jobs data for January.

The euro slipped to $1.3142 from $1.3161 at 00:00 SA time, after having fallen to slightly below the $1.31 line during the day.

The dollar moved to 76.23 yen from 76.21, while the euro traded at 100.18 yen, down from 100.31.

“All eyes now fall on the US non-farm payroll report tomorrow morning with consensus estimates calling for the addition of 145

thousand jobs in January,” down from 200,000 in December, said Michael Boutros of Daily Fx.

Whatever number comes out “will be used as a guage for the probability of further monetary easing as the central banks' policy continues to weigh on longer-term dollar prospects,” he said.

The dollar also rose to 0.9165 Swiss francs from 0.9151, while the British pound eased to $1.5807 from $1.5835.

Also hanging over the market were the ongoing Greek debt talks, but the markets Thursday appeared patient despite the lack of a resolution weeks after it was expected.

Eurozone chief Jean-Claude Juncker said Thursday that the negotiations were at an “ultra difficult” stage. - Sapa-AFP

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