The pair closed in NY Thursday at $1.3245 after rate had seen a spike to $1.3306 after the Thursday’s London fix with the dollar under general pressure led by a sharp fall in dollar-yen. Rate saw a corrective pullback to $1.3227 before recovering into the close. Opening trade in Asia saw rate consolidate Thursday’s move with early trade contained within a $1.3236/47 range before it edged on to a session high of $1.3269. Yen and Aussie plays were again the main interest overnight, euro-dollar buoyed on euro-Aussie demand, while a corrective pullback in euro-yen provided a counter. Asian traders have noted offers back in place from $1.3270, adding that stronger interest now seen placed between $1.3300/20. Support $1.3230/20, more into $1.3200. German trade data at 0600GMT, followed by German IP at 1000GMT provides morning interest but these releases to be overshadowed by this afternoon’s key US Employment Report release (median 170k).
