US dollar strengthened again against the euro in early afternoon trade here in a technical bounce ahead of the European Central Bank council meeting's rate decision tomorrow and US non-farm payroll data due out Friday, dealers said. Overnight, the dollar had eased against the euro after hitting a 13-month high of 1.1866 usd, on reports citing an unnamed European Central Bank (ECB) source who said the recent depreciation of the euro has taken pressure off the bank to cut interest rates, dealers said. However in local trade this morning, the dollar regained some lost ground as investors adjusted positions ahead of the ECB decision and the US jobs data. Both the ECB and the Bank of England will announce any changes to monetary policy tomorrow. At 12:30 pm Tokyo (0330 GMT) the euro was at 1.1914, compared to 1.1928 usd in early Sydney and 1.1919 usd in late New York trade yesterday. Against the yen the the dollar was trading at 111.65, compared to 111.60 yen in Sydney and 111.69. "If the ECB decides to leave interest rates alone, which would be in line with market expectations, it may further lower the likelihood for any rate cuts in countries in Europe, and the euro may again rebound to back above the 1.20 usd level in the near-term," Hachijuni Bank foreign exchange dealer Yasuhiro Takei said. "But if the US non-farm payroll data provides a further lead enhancing the view that the interest rate-increase cycle in the US will be sustained, then the dollar could again test the 1.19 usd to the euro," Takei said.