A resurgent euro was hunkered just short of strong resistance levels on Tuesday as traders awaited U.S. inflation data due later in the week, wary it could trigger gains in the dollar.
The common currency leapt 2.7% last week after a hawkish shift in tone at the European Central Bank. It has held gains but has been unable to beat resistance around $1.1483 even as European bond yields have leapt and last bought $1.1441.
"The surprise beat by the non-farm payroll numbers leaves the Fed in an unexpected territory," said NatWest Markets rates strategist Jan Nevruzi. The dollar crept 0.1% higher on the yen in early Asia trade to 115.22 and the U.S. dollar index hovered at 95.425.
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