On Friday, the US Dollar once again fell in comparison with major rivals, after a disappointing employment data for the month of December revealed that the country had seen much-bigger-than- expected job cuts, and all bets that the U. S. Federal Reserve will raise interest rates in the near future were discouraged.

The report had been pegged as the key marker for the American Dollar, and positive figures could have strengthened the currency's recent gains. But as the country's economy lost more jobs than anticipated, bets on a higher interest rate were sent rolling back and investors dropped the Dollar in favor of higher yielding currencies.

"It all boils down to interest rates and everyone is very confused about how fast the Fed will raise rates. Comments from Fed officials... indicate that despite what the market wants to believe, the Fed is in no rush to raise rates", said Kathy Lien, a Director of currency research at GFT Forex in New York.

On the New York Stock Exchange, by late Friday, the Euro was trading at $1.4414, compared to the value of $1.4320 recorded for late Thursday. Also, the currency was at Yen 92.59, down from Yen 83.28 registered on Thursday.