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The dollar dropped 0.1 per cent to $1.3475 per euro and the yen fell 0.2 per cent to 104.80 against the euro, meaning both currencies have recorded their biggest loss since October 14th over the course of the week, reports Bloomberg.
A government report released in the US today (December 2nd) suggests that hiring rates are set to improve, which could change the complexion of the market and the American currency's value.
"If US employment data is good, stocks are likely to rise, pushing down the dollar," Toshiya Yamauchi, a senior currency analyst in Tokyo at Ueda Harlow, told the news provider.
There was a degree of relaxation in the eurozone yesterday as Spanish debt yields stayed under seven per cent at auction, encouraging sterling to make gains against the greenback.
Posted by Greg Secker
