Dollar edges up in Asia
The dollar edged up against the euro and the yen in Asian trade Monday as investors waited on the sidelines ahead of a series of key economic reports and a central bank meeting in Europe.
The dollar rose to 95.45 yen in Tokyo afternoon trade from 95.22 in New York late Friday. The euro fell to 1.4026 dollars from 1.4064 and to 133.88 yen from 133.95.
Investors were waiting for data due this week, with the focus on a US jobs report that will give a clearer picture of recovery prospects for the world's largest economy, said Hachijuni Bank forex strategist Yoshifumi Suzuki.
While the pace of job losses in the United States appears to have slowed recently, the unemployment rate hit a 26-year high of 9.4 percent in May.
The European Central Bank is expected to keep its lending rate unchanged at one percent when it meets Thursday, despite calls by the Organisation for Economic Cooperation andx Development to lower its main rate to close to zero.
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