U.S. currency rises against major currencies except yen on safe-haven demand - Jul 3

03 July 2009 @ 01:48 pm EDT

The greenback posted a weekly gain against the single currency on speculation that the global economic recovery is faltering, boosting demand for the safe-haven U.S. currency. The Dollar Index rebounded from 78.334 on June 2 to reach the highest level since June 25 at 80.578 on Thursday after a report showed U.S. employers cut more jobs last month than economists forecast together with the jobless rate increased to 9.5% from 9.4%.

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