US Dollar falls after Weak Economic data

The US dollar fell downwards against its major rivals after a series of disappointing economic data that came from US. Additionally, jobless claims rose to 339 000, missing the median expectation for January of 330 000. Previously the US currency has jumped up against the Australian dollar after unemployment in Australia reached its highest rate in a decade. According to the recent statistics, the Australian economy lost 3700 job during the first month of 2014. The Aussie went downwards after the unemployment in Australia increased to 6% in January, despite the…

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Dollar tumbles as uncertainty grows

The disappointing jobs report, that  was release on Friday has built up a lot of uncertainty on the currency markets which has led the Dollar down against its major rivals- the Yen, and the Euro. Earlier during the week the Dollar managed to reach 100 Yen which is an important psychological level, but did not hold the gains due to the increased volatility on the international markets. That was caused by the concerns for war in Syria and the fear that the Federal reserve may start tapering its 80 billion-per-month…

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Euro Falls as Greek Debt Solution Proposal Rejected

EUR/GBP     £0.8385 In general, the Euro is falling as concerns over the debt crisis are still present and also as the euro zone finance ministers rejected a restructuring plan on the Greek debt by creditors. However, it is outperforming the Pound, and currently upgrading against the sterling as it’s trading at £0.8385. GBP/EUR     €1.1921 The Pound was the worst performing currency in the last 24-hour period, as even the Euro outperformed the sterling.  It is still downgrading against the Euro and currently trading at €1.1921. EUR/USD     $1.3043 After three-weeks high,…

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