News: FOREX-Dollar edges higher before quarter-end

• Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

(Adds quote, details on the euro, updates prices)

The greenback edged higher on Monday as investors positioned for quarter-end and weighed an increase in coronavirus cases in some U.S. states against improving economic data.

Thursday’s jobs report for June was also a factor in portfolio adjustments.

“It’s more or less just positioning. We’ve got just another day or so left in the month and the market’s bracing for jobs data on Thursday,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

U.S. employers are expected to have added 3 million jobs in June, according to the median estimate of economists polled by Reuters. Projections vary widely among economists, however, from as few as 405,000 jobs to as many as 9 million.

Data on Monday showed that contracts to buy U.S. previously owned homes rebounded by the most on record in May.

Concerns about renewed weakness have grown, however, as Texas, Florida and California are among U.S. states to reverse reopenings and reclose businesses such as bars to slow the spread of the coronavirus.

The dollar index =USD rose 0.08% to 97.56. The euro EUR= gained 0.11% to $1.1229. The euro’s 50-day moving average moved above its 200-day moving average, known as a “golden cross,” on Friday, which may indicate that the single currency is likely to gain in the coming month or two.

Paul Ciana, a technical analyst at Bank of America, said in a report on Monday that there have only been six so-called golden cross signals in the currency when the 200-day moving average was also rising since the euro began trading in 1999. In five of these six times the euro was higher 45-50 days later.

The dollar gained 0.45% against the Japanese yen JPY= to 107.69 yen.

Sterling weakened to a one-month low against the greenback on concerns about how Britain's government will pay for its planned infrastructure program.

There are also doubts about whether Britain will seal a trade pact with the European Union as little progress has been made in agreeing on Britain's future relationship with the bloc, which it exited on Jan. 31.

The pound GBP= was last down 0.41% at $1.2283.

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	Currency bid prices at 3:09PM (1909 GMT) 

 Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	 High Bid	Low Bid 
											  Previous				   Change				  
											  Session											
 Euro/Dollar	  EUR=		$1.1229		$1.1217	 +0.11%		 +0.17%	  +1.1288	 +1.1218 
 Dollar/Yen	   JPY=		107.6900	   107.2100	+0.45%		 -1.07%	  +107.8700   +107.0500 
 Euro/Yen		 EURJPY=	 120.94		 120.27	  +0.56%		 -0.83%	  +121.3500   +120.1800 
 Dollar/Swiss	 CHF=		0.9516		 0.9479	  +0.39%		 -1.67%	  +0.9524	 +0.9442 
 Sterling/Dollar  GBP=		1.2283		 1.2333	  -0.41%		 -7.36%	  +1.2389	 +1.2253 
 Dollar/Canadian  CAD=		1.3691		 1.3688	  +0.02%		 +5.43%	  +1.3704	 +1.3646 
 Australian/Doll  AUD=		0.6855		 0.6860	  -0.07%		 -2.36%	  +0.6890	 +0.6842 
 ar																							  

 Euro/Swiss	   EURCHF=	 1.0688		 1.0634	  +0.51%		 -1.51%	  +1.0696	 +1.0636 
 Euro/Sterling	EURGBP=	 0.9140		 0.9093	  +0.52%		 +8.11%	  +0.9176	 +0.9085 
 NZ			   NZD=		0.6413		 0.6423	  -0.16%		 -4.80%	  +0.6442	 +0.6405 
 Dollar/Dollar																				   

 Dollar/Norway	NOK=		9.7035		 9.6625	  +0.42%		 +10.54%	 +9.7315	 +9.6483 
 Euro/Norway	  EURNOK=	 10.8982		10.9059	 -0.07%		 +10.78%	 +10.9309	+10.8540 
 Dollar/Sweden	SEK=		9.3245		 9.3297	  -0.02%		 -0.25%	  +9.3527	 +9.2752 
 Euro/Sweden	  EURSEK=	 10.4737		10.4753	 -0.02%		 +0.04%	  +10.5105	+10.4528