Dollar goes down ahead of US jobs data

On Friday, the evergreen buck edged down against the Japanese yen as well as the common currency during Asia trade, as market participants are currently awaiting the closely-monitored American jobs data later in the day.  

The US dollar was changing hands at ¥108.66 right after dipping to ¥108.52 overnight, the lowest value since May 16, compared to Thursday’s outcome ¥108.88 achieved in New York.

The common currency traded a bit lower at $1.1157, compared to $1.1146 on Thursday. The number one European currency weakened overnight right after Mario Draghi, ECB chief left open the door to radical action if inflation is below target.

The market sentiment has cleared up when American shares and oil recovered, notwithstanding inability of a recent gathering of the Organization of the Petroleum Exporting Countries to reach an agreement on a long-awaited production ceiling. Meanwhile, in Tokyo, shares dared to regain after a two-day losing marathon, with the benchmark Nikkei Stock Average going up 0.2% midday.

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