Earlier gains in the common currency Euro were given up against the U.S. Dollar in Asian trading yesterday following a rise in short covering.
The U.S. Dollar also made gains against Japanese Yen and Swiss Franc in advance of labor data from the US, which will be released later this week. It is anticipated that the figures will show improvements over the previous period.
At 1:13 P.m. (JST) in Tokyo, versus the single currency Euro, the USD traded at 1.3440 $, earlier the Euro had been trading at 1.3530 $. Versus the Japanese Yen, the USD was trading at 92.66 Yen , a 1% increase from Friday's late trade in New York, against the Swiss Franc, the USD rose nearly. 8% to trade at 1.0677 Swiss Framc.
On Friday this week, non-frams payroll data from the U.S. Department of Labor will be released. A poll of analysts predicts that as month increase since March of 2007 , but only the second time there has been growth in the work sector late 2007, when recession began.
One strategist suggested, however, that the rise this month is only a rebound from February's dismal numbers which were attributed to the blizzards that swepts through large portions of the United States.
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