The US dollar is falling against major currencies, as the U.S. Labor Department announced that the US economy has lost nearly 63,000 jobs in February 2008. This report is considered as a good indication of American economic performance, it appears that the salary in the non-agriculture sector decreased in the second consecutive month.
According to some analysts, Asia-based investors have sold US dollars due to the increasing risk of the US economy’s alleged state. John Janon of Thompson / TFR Marketing, said that due to microcredit problems due to sub-major activity in the United States, there has been an increase in concerns that large financial institutions will have to face microcredit problems, which is a systematic risk. Can cause.
As an attempt to reduce its credit deficit in the Federal Reserve on Thursday, March 7, 2008, it has been announced that banks on March 10 and 24 March, instead of $ 30 billion each billions of 50 billion The dollar will be increased. As previously announced.
On Monday, March 10, 00:47 GMT on March 10 traded 102.38 yen to Tokyo’s exchange on March 10, trading in New York on Friday trading at 102.63 on Friday. In addition, the Euro compared to $ 1.5350 in the previous Friday’s last Friday’s $ 1.5378 trade on Tokyo Market.