FX Update: EUR-USD is lower FX Update: EUR-USD is lower in the wake of the encouraging U.S. jobless claims data on Thursday, which sparked dollar short covering ahead of the April payrolls report. The low so far has been 1.1191, down almost two big figures from Thursday's peak. Wednesday's low at 1.1174 provides the next downside marker. Analysts scope for a further retrenchment. Analysts forecast April U.S. employment at +220k (median 225k) increase for the month, an improvement over the 126k March headline but still lower than the 264k headline in February. The unemployment rate should tick down to 5.4% from 5.5% in March. The data should help underpin the dollar's yield advantage over the euro following recent narrowing. Elsewhere, USD-JPY higher today, back toward 120.00. Sterling surged to a 10-week high at 1.552 on the surprising development of the Conservatives set to win the UK election with 325 seats, according to the latest BBC forecast, which is one short of an outright majority but easily sufficient to form a workable single-party government.