Monday, May 21, 2012
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FOREX-Risk currencies firm, await U.S. jobs report

* Yen near 15-yr high on dlr;Swissie near record peak vs euro

* 1-week dlr/yen risk reversal puts premium on dollar calls

* US payrolls data in focus,median forecast of 100,000 fall

The euro and high-yielding currencies held firm on Friday after an improvement in U.S. housing and jobless claims data bolstered investor appetite for risk ahead of key U.S. jobs data due later in the day.

Still, reflecting simmering worries about a slowdown in the U.S. and global economies, the yen was locked near a 15-year high against the dollar and the Swiss franc hovered near a record peak against the euro. Read more

 

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