Calm markets ahead of U.S. jobs report

06 November 2009 @ 11:46 am EDT

The dollar is losing grounds ahead of the U.S. jobs report, which is expected to reveal that there are fewer Americans being laid off from their job last month.A lower amount employees losing their job is a good sign, where it encourages investors to turn to higher yielding currencies, while selling lower yielding currencies which weigh on the dollar's strength versus major currencies.

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