"The big move came overnight," said Tim Hughes, chief dealer at National Bank of Detroit.

"This is pretty much a profit-taking move," said Steven Jury, chief dealer at the Union Bank of Switzerland.

For the dollar market, it very quickly was just thrown out the window," said Jerry Egan, chief dealer at the Bank of Boston.

The chief dealer at Citibank in Greece, Iorgos Kondoyanis said that "the situation is dangerous."

- John Baker, chief dealer, Bank Julius Baer in New York.

"The rate cuts in Europe helped push the dollar higher today," said Paul Farrell, chief dealer at Chase Manhattan.

"The market seized on the figure," said John McCarthy, chief dealer at the Amsterdam Rotterdam Bank.

"I think the market will focus more on next week's economic figures," said Ronald Holzer, chief dealer for Harris Trust and Company in Chicago.

"The mark has been under pressure all day," said John McCarthy, chief dealer at the Algemene Bank Nederland.

"The reaction to the unemployment report was logical," said Jesse Torres, the Bank of Boston's chief dealer in New York.