Dollar Recovers ahead of Job Data, But More Downside Still in Favor | Action Forex

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The Australian dollar nudged up today, buoyed by a wave of short covering and stop losses after an attempt on the downside following a weak jobs report fizzled out. The aussie fully recovered from losses suffered in the wake of a weaker-than-expected jobs report that showed the economy shed 15.

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The dollar changed hands near six-week lows against a basket of other major rivals amid Wednesday’s session, followed by reports that the U.S. private The economy added about 176,000 jobs in June, whose figure was revised from an earlier report of 172,000. The U.S. dollar index, which gauges the.

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US Dollar May Rise if US Data Exacerbates Recession Fears. US Dollar may extend gains vs Krone if Nordic markets get spooked. See our free guide to learn how to use The Norwegian Krone may be in for a painful session ahead if the norges bank cools rate hike expectations for the rest of the year.

More than one-third of the world’s gross domestic product comes from countries that peg their currencies to the dollar. Ninety percent of forex trading involves the U.S. dollar. The dollar is just one of the world’s 185 currencies according to the International Standards Organization List, but most.

The dollar gave up gains stemming from a U.S. government saying the economy added far more jobs last month than economists anticipated. Lien, director of currency research for GFT. Others note the Fed is still concerned about the moribund housing market, which could derive support from the more.

Convert from Dollars to Canadian dollars with our currency calculator. You get now more Canadian dollars for an amount in Dollars than you would have just a month ago. According to the BIS, the Canadian dollar is the 7th most heavily traded currency.

NEW YORK, Aug 15- The dollar recovered from. NEW YORK, Aug 15 (Reuters) – The dollar recovered from earlyweakness against the safe-haven yen to advance modestly onThursday as better-than-expected U.S. retail sales data temperedconcerns that the U.S. economy More from Reuters.