The euro was weak in Asian trade on Tuesday, after the common currency rallied sharply late last week with traders now focusing on a European Central Bank (ECB) rate-setting meeting. The common currency was quoted at $1.2585 and 100.09 yen in Tokyo morning trade, little changed from $1.2582 and 100.05 yen in New York late Monday. The dollar was also little changed at 79.53 yen, from 79.50 yen in the previous day’s trade, ahead of key US jobs data later in the week as markets remain cautious about the health of the world’s biggest economy. Weak manufacturing reports out of the United States and China have stoked worries about the world economy.
