Dollar Falls as Increase in U.S. Payrolls Adds to Risk Appetite

Posted by Forexsq 1031 days ago (
img The dollar fell for a fourth day versus the euro as data showed hiring in the U.S. rose in January after accelerating more than previously estimated at the end of 2012, encouraging investors to seek higher-yielding assets.

The decline came two days after the Federal Reserve said it will keep buying bonds to spur economic growth and reduce unemployment, increasing concern the dollar is being debased. The greenback weakened earlier as risk appetite rose after data showed manufacturing in the 17-nation euro region shrank less in January than earlier estimated.


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