Friday, October 2, 2009

Dollar Gains On Euro As All Eyes Turn To Jobs Report

The dollar strengthened versus the euro on Thursday as traders sifted through a pile of mixed economic data while awaiting tomorrow’s pivotal monthly jobs report.

Optimism about a robust economic recovery generated in the wake of encouraging news on the housing and banking sectors could wane quickly without evidence that the employment situation is getting better.

The dollar extended this week’s gains against the euro Thursday, rising to a 2-week high of 1.4517 before leveling off.

With the advance, the dollar moved further from a yearly low of 1.4843 set earlier this month.

 

Mots clés Technorati : American Economy,Currencies,USD,fvtaiwan

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