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Day: August 6, 2010
August 62010
Pound Rise vs. Dollar, Falls Against Euro & Yen
The Great Britain pound rose versus the greenback on the report from the US about more than expected job losses. The sterling fell against the euro and the dollar as the data from the UK itself hasn’t gave many reasons for optimism. The weak US payrolls data allowed other currencies, including the sterling, to rally against the dollar. The reports from Britain were also unfavorable, though, pushing Britain’s currency down versus its other […]
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August 62010
Dollar Sinks on Decreasing Payrolls
The US dollar slumped today after the US non-farm payrolls sank more than expected, suggesting that the Federal Reserve would require to perform additional stimulus measures to support the nation’s economy. The non-farm payrolls tumbled by 131,000 in July, following the 221,000 drop in June. The median forecast was the 63,000 decrease. The unemployment rate remained at 9.5 percent. The Dollar Index slid 0.8 percent to 80.153, after touching 80.085, the lowest […]
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August 62010
Euro Falls vs. Dollar on Lower German Production
The euro fell vs. the dollar after the report showed that the industrial output in Germany declined and on the speculation that the conditions on the US labor market improved. The German industrial production fell 0.6 percent in June, while the economists expected another month of the growth after the production expanded as much as 2.9 percent in May. The US non-farm payrolls expected to fall as the temporary census workers quit job, but the number of jobs, excluding the government workers, […]
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August 62010
Dollar Tumbles on Poor Employment Data
The reports about conditions on the US job market sent the dollar tumbling down as claims for jobless benefits increased, instead of decreasing as was expected, and nonfarm payrolls dropped a lot more than was forecast. The report about consumer credit showed better valued than Forex traders expected, but it was released too late today to have significant impact on markets. EUR/USD is trading now at about 1.3282. Nonfarm […]
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August 62010
Aussie Rises on Anticipation of Lower US Employment
The Australian dollar rose today and is heading for the third weekly gain versus the greenback as today’s report expected to show that the US employment decreased. The analysts expect that today’s report would show decrease of the US payrolls by 63,000. The MSCI Asia Pacific Index of regional shares went up 0.3 percent, improving the prospects for the Australian exports. The Aussie’s gains may be limited by the subdued outlook for Australia’s economic expansion. AUD/USD […]
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