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AUD 1.000 1.000
USD 1.017 1.018
VND 22,430.000 22,490.000
 Date :   Monday, February 06, 2012
This informations only use to reference
This informations only use to reference
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Dollar loses the battle
9/4/2010 8:16:02 AM (GMT+7)
FXstreet.com (Buenos Aires) – After is all said and done, dollar faces further weakness at the end of the week, reaching fresh weekly lows against several counterparts. The so long awaited US employment data, come out mixed, thus understood as much better since the private sector managed to add 67K new positions past August, while unemployment rate increased as expected to 9.6%.

Risk appetite surged and hold as these numbers increase chances the US will be able to avoid a double dip recession, pushing investors away from save havens such as Swiss Franc and Yen, that anyway, posted limited loses against greenback: USD/CHF was unable to sustain gains above 1.0220 past week low, and is back around 1.1180, while USD/JPY surged to 85.10 only to return to 84.40/50 zone.

Riskier assets such as Euro and Australian dollar surged to fresh weekly highs, with EUR/USD consolidating just under 1.2890 weekly high, pointing for an upward continuation in the upcoming week, while AUD/USD consolidates latest gains in between 0.9140 and 0.9175 weekly high.

Fri, Sep 3 2010, 16:28 GMT
http://www.fxstreet.com

 
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