News Journal

Dollar lowers after release of government data on job

The U.S. government data showed that for the sixth week U.S. employers were cutting jobs .After the release of the report on job, dollar lowered to a three week low value. After the European Central Bank meeting in the week it is expected that Euro will rebound back from its two days low value against Yen.

In the market, it is expected that dollar will weaken further against Euro. The market experts are predicting that dollar will fall to 106.10 yen and $1.5840 per euro.