The Euro Gained Some Ground Against The Dollar, The Market Scrutinizes The U.S :

The euro gained some ground against the dollar Friday, in a market with little direction in the expectation of employment figures and unemployment in the United States for July, after the disappointment caused by the absence of ads of the strong European Central Bank (ECB).

Around 0930 GMT (11:30 in Paris), the euro bought 1.2223 dollars against 1.2178 dollars Thursday at 2100 GMT.

The euro rose also against the yen at 95.61 yen against 95.26 yen yesterday.

The dollar steadied against the Japanese currency to 78.22 yen as Thursday night.

"The ECB president Mario Draghi has disappointed the foreign exchange market Thursday", noted analysts at Commerzbank.

The euro initially rose sharply Thursday - up to 1.2405 dollars, its highest level since July 5 - when Mr. Draghi was speaking at a press conference following the monetary policy meeting of August in the insititution during which it maintained its key interest rate unchanged at 0.75%.

Indeed, the euro was supported by the fact that Mr. Draghi said that the ECB could intervene in the bond market, "but it later became clear that it was only a statement of intent with no timetable set and more subject to conditions, "they explained at Commerzbank.

The euro has left in sharp decline, losing more than two hundred in just a few minutes, and the yield on bonds in Italy and Spain to 10 years have greatly strained.

"Central banks around the world seem to have embarked on a path of inaction this week and the inability of Mr. Draghi to provide a miracle cure has been sanctioned by sharp declines" in the markets, watching Brenda Kelly , an analyst at CMC Markets.

By opting Wednesday for a status quo on monetary policy, the U.S. Federal Reserve (Fed) was also disappointed the expectations of traders who hoped to see clear signals of new measures to help an economy whose recovery shows signs of shortness of breath.

Traders awaited the release Friday of the official report for July on employment and unemployment in the U.S., a major indicator to assess the strength of the recovery of the world's largest economy.

"The U.S. employment is the last big event (economic) of the week," noted Greg Anderson, an analyst at CitiFX, and "as the agenda is quiet next week, it could set the tone for trade" for the day, or even a fortnight to come.

Around 0930 GMT, the British pound fell against the euro at 78.61 pence per euro but rose against the greenback at 1.5548 dollar.

The Swiss franc was stable against the euro at 1.2011 Swiss francs to the euro and rose against the dollar at 0.9827 Swiss francs to the dollar.

The ounce of gold was worth 1593.95 dollars against 1,597 dollars Thursday night.

   During Thursday Friday Classes

    0930 GMT 2100 GMT

   EUR / USD 1.2223 1.2178

   EUR / JPY 95.61 95.26

   EUR / CHF 1.2011 1.2011

   EUR / GBP 0.7861 0.7849

   USD / JPY 78.22 78.22

   USD / CHF 0.9827 0.9862

   GBP / USD 1.5548 1.5511