Euro Fails,Dollar Strengthens
The euro fell against the dollar and the yen in Asia on Friday, with trading thinned by the Easter holidays ahead of key US jobs data due later in the day, dealers said.According to dailyfx.com The Euro may resume its four-month down trend after the European Central Bank delivers their monetary policy announcement as the Greek debt crisis returns to the forefront against a backdrop of a still lackluster interest rate outlook.The Euro fell to $1.3536 shortly after the announcement after nearing $1.36 prior to the news. The Euro had been worth less than $1.33 one week ago before a recent correction against the greenback.
The dollar has reached its new 2010 high against the Japanese currency and it has seen an increase of nearly six pips since the first week of March.