LONDON: The greenback rallied to as high as 123.27 at New York midday after the release of an upbeat U.S. jobs report increased speculation that the Fed will raise its rates in December this year. Dlr opened higher to 123.36 in New Zealand n continued to trade with a firm undertone in Tokyo morning.
Since there is no major eco. data due today, traders in Asia and Europe are likely to trade the buck on Friday’s jobs report. Bids are seen at 122.90/00 and more below at 122.70/80 with stops building up below there whilst initial offers are noted at 123.50/60, suggesting upside bias would be seen.
