Majors, March 08, 2010

Majors: The greenback and Japanese Yen were both weaker across the board after the US non-farm payrolls report was released on Friday night. The dollar hit a 10-day high against the Yen at 90.20 soon after the data which revealed a loss of 36,000 positions in February after a revised 26,000 decrease in January. The report was better than expected, leaving the jobless rate at 9.7 per cent, spurring demand for riskier assets and higher-yielding currencies. Meanwhile, the Euro (1.3625) firmed as EU member nations continue working on a contingency rescue plan for Greece. In overnight trade, the Euro moved from a low of 1.3529 to close near its session highs around 1.3623.