Currency: Euro pushed up by poor job report

The past week has been in the common European currency's favor, and Friday the enthusiasm for the euro had no end.

For not only did the European Central Bank Thursday put heavy lines in the currency as one of the three major global currency units. The central bank also launched a European version of the American "operation twist" with the purchase of short-term bonds from the debt-ridden southern European countries.

It may be the first step towards a model for resolving the crisis and thus positive for the single currency.

Friday was the euro situation further substantiated by a somewhat disappointing U.S. labor report.

Reductions in on the way
The report resulted in further expectations for Federals Reserve courage to come up with new quantitative easing (QE) - Easings which does not just mean acceleration of the printing press, but also more than suggests the somewhat tattered state of the U.S. economy.

This leads to further weakening of the dollar against the euro and yen.

Euro costs $ 1.2760 Friday afternoon from $ 1.2715 before the job report, and the dollar over the same period was weakened to 78.35 yen from 78.90 yen.