On Wednesday after worse-than-expected U.S. private-sector jobs data boosted safe-haven demand, the dollar rose, whereas the yen fell broadly on fears monetary authorities may step in to stem the currency’s strength.
Euro fall
A drop in the euro has been seen by the traders which is ahead of a policy meeting on Thursday of the European Central Bank. In which it is expected to announce the details of how and when it will remove generous liquidity from the system, and could upgrade its economic growth forecasts.
Reasons of Dollars Rise
Reducing fears over Dubai’s debt problems weighed on the safe-haven dollar, but much support has been offered by talk of Asian central bank buying and the greenback’s gains versus the yen.
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