SINGAPORE, Oct 6 (Reuters) – The dollar hovered close to its highs for the year in choppy trade on Wednesday as investors’ focus turned to U.S. jobs data and to a likely rate hike in New Zealand.
The euro is pinned near a 14-month low of $1.1563 it struck last week and last bought $1.1599, having slipped 0.2% overnight. The safe-haven yen also dropped overnight, falling about 0.5% reflecting a positive mood in equity markets.
The yen began the Asia session at around 111.50 per dollar. The greenback has won support from investors lately as they brace for the Federal Reserve to begin to taper asset purchases this year and lay the groundwork for rate hikes before peers, while the euro – in particular – has languished.
U.S. non-farm payrolls data due on Friday is seen as crucial to informing the Fed’s tone…