- Forex: Friday’s review
Market news
10 September 2012
Forex: Friday’s review
On Friday the dollar weakened to a three-month low against the euro as U.S. employers added fewer jobs in August than forecast, boosting speculation the Federal Reserve will increase its monetary stimulus.
The Dollar Index dropped to the weakest level since May 11 as the extra liquidity from a third round of asset purchases by the U.S. central bank, known as quantitative easing, may debase the currency.The Swiss franc fell to the weakest since January against the euro.
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