The Australian and New Zealand dollars were set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets. U.S. payrolls rose by 125,000 in November after an 80,000 gain the previous month, the Labor Department is forecast to say today, according to the median estimate in a Bloomberg News poll. New Zealand’s currency headed for its biggest five-day advance versus the dollar since May 2009 before German Chancellor Angela Merkel outlines her stance for a Dec. 9 European summit on the region’s debt crisis. Gains in the so- called Aussie may be limited before the Reserve Bank of Australia holds a policy meeting on Dec. 6.
EUR/USD: on Asian session the pair holds in a range $1.3450-$1.3490.
GBP/USD: on Asian session the pair holds in a range $1.5665-$1.5690.
USD/JPY: on Asian session the pair gain.
On Friday UK - European events start at 0800GMT when ECB Governing Council member Ewald Nowotny attends a Kurt Rothschild Memoriam, in Vienna. UK data includes the 0930GMT release of both the Markit/CIPS Construction PMI nd also UK Q3 Construction New Orders. EMU data sees October PPI at 1000GMT. The data calendar is dominated by US non-farm payrolls at 1330GMT, which are forecast to rise 112,000 in November, continuing a trend of modest payrolls gain that are just treading water rather than making any real headway into knocking down unemployment. The unemployment rate is forecast to hold steady at 9.0%. Later, at 1830GMT, Boston Fed President Eric Rosengren gives a presentation on the economic outlook to the Massachusetts Investor Conference, in Boston.
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