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    Dollar Bulls and Bears Await Payrolls, ECB leaves Euro Underwhelmed

    * Euro nurses drop to 3-year low versus yen, dollar awaits jobs report

    * ECB leaves policy mix nearly unchanged

    * OPEC fails to agree a clear oil-output strategy

    (Sydney Jun 3 Reuters) The euro wallowed near a three-year low against the yen on Friday after investors were underwhelmed by the European Central Bank's decision to refrain from making any material changes to its policy mix.

    The dollar also dropped to a two-week low against its Japanese counterpart, though investors' caution ahead of the U.S. jobs report later in the session limited its losses.

    The market consensus for the U.S. economy to have created 164,000 jobs in May, little changed from April.

    "There's an uneasy feeling whenever markets make big moves lately, but there is no particular reason to take significant long positions in dollar or yen until we see the jobs data," said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

    The dollar slipped 0.3 percent to 108.57 yen, after earlier dropping as low as 108.50 yen, poised to log a 1.6 percent loss for the week which saw it rise as high as 111.455 yen on Monday.

    Click on the link below to see the full story from Reuters: (by Lisa Twaronite and Ian Chua)

    Dollar bulls and bears await payrolls, ECB leaves euro underwhelmed

     

     

     


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