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Day: August 3, 2011
August 32011
Australian Dollar Continues Its Correction on Weak Retail Sales
The Australian currency continued its downward trend against the Forex majors today, as the retail sales report confirmed the negative outlook for the country’s economy. The Aussie is currently demonstrating its biggest losing streak against the US currency this year. It also fell for the second day against the euro and for the fifth day against the Japanese yen today. The fall of the Australian dollar has started with the US debt-ceiling deal that promised […]
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August 32011
EUR/USD Fluctuates on Mixed Reports
The euro traded mixed against the US dollar after today’s macroeconomic reports, gaining considerably before the European trading session started. Noteworthy is the fact that the EUR/USD reacted positively to the positive US reports and vice versa for the negative ones today. ADP employment report showed a seasonally adjusted growth of the payrolls by 114k in July. This growth followed 157k advance in June. The forecast for the current report was at 100k. (Event A on the chart.) […]
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August 32011
Siwss Franc Retreats From Maximums
The Swiss franc fell from its record high levels against the other major currencies today, as the country’s central bank takes extreme measures against the franc’s appreciation. The Swiss currency retreated from its record maximum levels against the US dollar, the euro and the Great Britain pound today. It also decreased from the 3-year high vs. the Japanese yen. The currency reacted sharply to the Swiss National Bank decision to reduce […]
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