* ECB rate talk was brief and did not receive broad support
* Fed widely expected to hike rates at policy meeting this
TOKYO, March 13 The euro edged up near a
one-month high against the dollar in Asian trading on Monday,
after some European Central Bank policymakers raised the
possibility of hiking interest rates before bond purchases end.
The euro was up 0.1 percent at $1.0691, after rising
as high as $1.0699 on Friday, its highest level since Feb. 9.
Some members of the ECB's Governing Council discussed the
possibility of higher interest rates at last week's policy
meeting, but talk on the issue was brief and did not receive
broad support, said two sources familiar with the discussion.
Euro's gains were limited on expectations that the U.S.
Federal Reserve will raise interest rates at its two-day policy
meeting ending on Wednesday.
U.S. employers hired workers at a robust pace in February,
beating expectations, and wages grinded higher, which could give
the Fed the green light to hike interest rates despite slowing
Fed fund futures prices showed investors pricing in more
than a 90 percent chance of an increase in U.S. overnight
interest rates, according to CME Group's FedWatch tool.
As market participants ponder the outlook for future
monetary policy moves, day-to-day trading so far this year has
vexed some investors.
"It's hard to pick one specific theme in a market like
this," said Bart Wakabayashi, branch manager for State Street
Bank and Trust in Tokyo.
"It's hard to find trends, so I think people are mostly just
playing ranges, technicals and momentum," he said.
The dollar was steady against its Japanese counterpart at
114.86 yen, below Friday's high of 115.50 yen, the
highest since Jan. 19.
Speculators had boosted bullish bets on the U.S. dollar in
the week through March 7, lifting net longs to their highest
level since early February, according to Commodity Futures
Trading Commission data released on Friday and calculations by
The dollar index, which tracks the U.S. currency against a
basket of six major rivals, was steady at 101.26, above
Friday's session low of 101.17, which was its lowest since Feb.
(Reporting by Tokyo markets team; Editing by Randy Fabi)