The US dollar weakened across the board today on signs of swifter economic recovery, increasing the overall market risk appetite and lowering the demand for safe havens, including the Greenback. The US nonfarm payrolls recorded a fall of 54,000 job places during August, much lower than the significantly pessimistic prediction of a 101,000 decrease. Additionally, the Standard & Poor’s 500 Index advanced for the fourth consecutive day by 0.9 percent.
EUR/USD spiked to 1.2883 at around 16:05 GMT today after it opened at 1.2823. GBP/USD rose to 1.5440 from the opening price of 1.5398.