iBankCoin
Joined Nov 11, 2007
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The Greenback Strengthens into Employment Report

“The dollar rose for a third day against the yen before a U.S. report that economists said will show employers stepped up hiring last month, pointing to a recovery in the world’s biggest economy.

The euro weakened versus 13 of its 16 major counterparts after a report confirmed the region’s manufacturing sector contracted in October. The yen headed for a third weekly decline against the U.S. currency as economic weakness and disappointing corporate earnings spurred speculation the Bank of Japan (8301) will expand monetary easing. The pound climbed to the strongest in a month against the euro.”

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