RTTNews - The dollar inched higher versus the euro and sterling while holding its ground versus the yen Thursday morning in New York as traders waited for the pivotal monthly jobs number, scheduled for release at 8:30 am ET.
Economists expect the closely watched report to show of decrease of 365,000 jobs for the month compared to loss of 345,000 jobs seen in May. Further, the unemployment rate is expected to tick up to 9.6 percent from 9.4 percent.
Versus the euro, the dollar recovered some most of its losses from the previous session, rising to 1.4060 from a weekly low 1.4266.
The European Central Bank kept its benchmark interest rate unchanged at 1 percent, as expected.
The dollar firmed up versus the sterling, reaching a weekly high of 1.6327. Its been a choppy month for the dollar versus the sterling, as the pair has hovered between 1.6200 and 1.6750.
Thursday, a survey by the Bank of England showed that business lenders increased the availability of credit to households in the second quarter, and a net balance of lenders expect a further rise in the availability over the next quarter.
The dollar barely budged versus the yen, staying near 96.67. Versus the petro-linked loonie, the dollar improved to 1.1525 from a 10-day low of 1.1437.
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