US Dollar Fears on Friday

Last week of the day, the U.S dollar was quite weak. Demand for the dollar was down when the better than expected April Pay roll figures, with interest turned out to be a riskier currencies such as the Euro.

On the other hand, demand for the Euro received a shot in the arm on hopes that the ECB would announce plans to boost the Euro-Zone economy.

Sterling rose against the dollar but fell against the Euro as investors mulled the bank of England's decision to increase its asset purchase programme by 50bn pounds and spooked the market with comments that it was uncertain about the timing of an economic recovery.

The greenback was also down against the yen, off 0.3% to 98.91 yen. (source: sharecast, reuters, gnutrade Market Talk)