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Day: August 5, 2011
August 52011
AUD Down on Economic Outlook Revision
Despite today’s recovery against the US dollar, the Australian dollar continued its decline against the other currencies, following a release of the economic outlook by the country’s central bank. The currency rose for the first day after six days of decline against the US dollar. It fell for the seventh day against the Japanese yen today and for the fourth day versus the euro. It was also the first bearish day against its neighbor currency — New […]
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August 52011
Dollar Declines as Stock Markets Continue Their Fall
The US currency returned to a bearish trend today, as the global stock markets led by the United States equities failed to stop falling today, extending the drop despite the positive employment data. The dollar fell against the majors, including the euro, the British pound and the Japanese yen today. It also slid to the new historical minimum versus the Swiss franc, while strengthening for the seventh day in a row against the Australian dollar. The US stock market is […]
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August 52011
EUR/USD Up on Positive Employment Situation, Disregards Credit Data
The dollar fell against the euro today, as the positive employment report from the US decreased the risk-aversion among the traders, and pulled funds away from the “safe haven” dollar. Nonfarm payrolls report in the US showed a 117k gain in July, following 46k gain in May (revised positively from 18k). The median forecast for this important US employment indicator was at 85k. The overall unemployment rate went down from 9.2% to 9.1%, while […]
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