Third Week of Gains for Aussie, Can Rally Be Sustained?

The Australian dollar recovered during most of the week, the publication of the third week of gains against the U.S. dollar the longest run of weekly gains since April, but at the end of the week became unfavorable basis for the currency. The Australian dollar rose on speculation that the Reserve Bank of Australia cut interest rates. Interest...

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Pound Profits from Terrible US Payrolls

Britain won the pound against the U.S. dollar as poor U.S. Nonfarm payrolls reduces the attractiveness of the dollar. The pound also rose against the euro as traders are concerned about the European economy. Forex traders that the owner of Euro want to find a safe haven in Europe's economy shows signs of slowing. The yen and the franc, the...

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US Dollar Suffers From Terrible Nonfarm Payrolls

The U.S. dollar fell against other currencies, including the British pound and Japanese yen today after the non-farm payrolls showed that job creation in the U.S. stagnated. The currency also fell against the euro, but recovered later. U.S. non-farm payrolls showed no growth in employment in August. That is far worse than market expectations...

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Franc Jumps as US Payrolls Show Zero Growth

The Swiss franc rose today against the U.S. dollar, extending its rally for a third day, after non-farm payrolls showed that U.S. employers were not adding jobs last month. U.S. nonfarm employment payroll in August were unchanged, while the unemployment rate remained at 9.1 percent. Analysts predict an increase in payrolls by 74,000. Value...

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Rand Fluctuates as Traders Uncertain About Global Growth

The South African rand fell today as the uncertainty of the forex traders on the global economy's ability to maintain demand for reducing the growth of safer currencies. Currently, however, the rand recovered. Market participants were less inclined to believe the global economic recovery after the report from Automatic Data Processing showed...

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