LONDON (SHARECAST) - The dollar weakened again on Tuesday as traders thought long and hard about the coming employment data from the Labor Department.
The expectation is that the US economy will not have added enough jobs to cut unemployment and therefore interest rates are likely to remain unchanged at 0.25 percent.
Of course this has had knock on effects on the dollar which fell to $1.4429 against the euro in late trading in New York.
The dollar index, a trade weighted measure of the greenback against a basket of currencies was also down 0.2 percent emphasising current expectations for the world's reserve currency.
Elsewhere, the euro dropped 0.38 percent against the Japanese yen as jitters about Greek debt continue and Japan's economic recovery gathers momentum.
Interestingly, the haven currency, the Swiss franc rose against the single currency yesterday as traders sought safety. The franc was up 1.65 percent in late trading at 121.35 euro cents
