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6 August FOREX market review
The U.S. Dollar continued to remain under moderate pressure against all of its competitors on Monday, August 6. The index of the dollar USDX tested 82.087 mark, which is 0.3% below the close of the previous week. Significant macroeconomic statistics in this period have not been published and market participants digested the events of late last week. Labour market data, published on August 3, marked increase in unemployment in the U.S. by 0.1 percentage points to 8.3% level, which, according to some experts, leaves the door open for the third round of quantitative easing, despite the fact that the economy added in July is quite healthy 163,000 new jobs.
The EUR/USD fluctuated in a narrow corridor 1.2360 – 1.2420. The optimism inspired by some members of the ECB statement that the regulator can come up with interventions in the debt market, the Spanish Government has not received additional support from Mario Draghi and gradually dry out. Nevertheless, support for the Euro has a lingering hope of the participants in the third round of quantitative easing by the Fed.
The British Pound, in the absence of important news from Albion, closely correlated with the Euro.
Despite the fact that Monday was a holiday in Australia, the AUD/USD has attempted to resume the upward trend, breaking highs of last week in the field of 1.0580.
Japanese yen, meanwhile, played nearly all of its losses against the dollar, which it suffered after the release of data on the labor market in the U.S. on August 3. Toward the close of the day USD / JPY is trading at 78.15, with which it early growth.