The dollar held its advance, trading near multi-year highs versus the euro and the yen before U.S. payrolls data. Stocks in Australia and New Zealand rose after American equity gauges extended records, while U.S. oil was headed for its sixth straight weekly decline.
The greenback was at 115.22 yen by 8:52 a.m. in Tokyo, set for a third weekly advance after reaching its strongest level in seven years. The dollar rose to a more than two-year high versus the euro yesterday. The S&P/ASX 200 Index in Sydney added 0.4 percent with the NZX 50 Index. Standard & Poors 500 Index futures were little changed after the index and the Dow Jones Industrial Average (INDU) set fresh highs in the U.S. Oil in New York was near a two-year low after OPEC cut its demand forecasts.
Fewer Americans than economists projected filed for unemployment benefits last week, adding to signs of a strong recovery in the U.S. jobs market before todays October payrolls report. The euro fell and stocks climbed yesterday as European Central Bank President Mario Draghi signaled officials were ready to implement additional stimulus if needed to support the euro-area economy. Malaysia and Taiwan report on trade today, before similar data from China due tomorrow.