The dollar crept higher on Thursday but stood near a two-month low as traders weighed how pivotal U.S. jobs data coming out on a stock trading holiday would impact Federal Reserve policy, after a raft of data this week pointed to a cooling economy.
The closely watched U.S. non-farm payrolls report on Friday, when many markets globally are closed, will followservices sector data from the Institute for Supply Management and private employment figures on Wednesday, as well as a slump in U.S. March manufacturing activity at the start of the week.
The Japanese yen also found some support from safe haven bids and was last roughly 0.1% higher at 131.20 per dollar."Weak economic data continues to weigh in on investor sentiment, triggering a flight-to-safety bid," analysts at Westpac said in a note to clients. The 10-year Treasury yield was last at 3.2958%, while the two-year yield , which typically moves in step with interest rate expectations, stood at 3.7605%.
In other currency action, sterling declined 0.2% to $1.2437, while the euro slipped 0.14% to $1.0891.
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