Because the U.S. second quarter GDP growth and lower-than-expected increase in the number of unemployed people, 31 on the New York foreign exchange market the dollar fell against major currencies.
The U.S. Department of Commerce on the 31st data showed the U.S. economy in the second quarter annual rate rose 1.9 percent, lower than analysts expected. In addition revised data showed the U.S. economy in the fourth quarter of negative growth for the past seven years to the worst performance. The same day the Labor Department reported that initial jobless claims last week, the number increased to 448,000, representing an increase far greater than analysts expected. The market is paying close attention will be on August 1 issued by the non-farm payrolls data.
In addition, the EU published a new report shows that in July the euro zone inflation reached 4.1 percent, the data have the highest since records. Some investors speculated the European Central Bank might be forced to raise interest rates, which also promoted the euro against the dollar%26#39;s gains.
On the 31st New York trading Dow Australian 1.5593 U.S. dollars, higher than the previous day%26#39;s 1.5574 U.S. dollars. U S dollar 1.9829 U.S. dollars, higher than the previous day%26#39;s 1.9814 U.S. dollars.
Dollar 107.90 yen, down from the previous day%26#39;s 108.10 yen, the dollar 1.0478 Swiss francs, down from the previous day%26#39;s 1.0487 Swiss francs 1 U.S. dollar 1.0235 Canadian dollars, down from the previous day%26#39;s 1.0239 Canadian dollars.
8/02/2008
New York falling dollar
Tags:
forex charting,
pr8 forex
Subscribe to:
Post Comments (Atom)
0 Forex Comments:
Post a Comment