The US dollar may almost offset the incurred losses today, after the employment data on Friday. The Australian dollar rises after the RBA leaves the interest rate at 2.25%.
Euro falls below 1.09 USD
After the disappointing figures for the US labor market last Friday, investors confidence in the US currency increased again. Although the data from the last week lagged behind overall analysts' expectations, sits back optimism to continued economic growth in the USA. The US dollar may recover consequently the last two trading days of losses incurred against the other major currencies. In return, confidence in the euro falls again, although the economic data from the euro zone indicate an incipient recovery, however, can not meet all the forecasts of analysts. Against the US dollar, the European currency loses currently 0.55% at 1.0862 USD, and the against the British Pound 0.57% at 0.7300 GBP. The economy of the United Kingdom was able to convince with the figures from the services PMI, which were with 58.9 significantly higher than the expected 57.0.
RBA surprised investors
Although most analysts did not supposed an interest rate cut by the RBA, the market, the market had already been set to a rate cut. Following the announcement of the constant base rate the Australian dollar rose sharply. Against the US dollar, the Australian currency increases currently at 0.83%, at $ 0.7656, the euro lost 1.31% currently at 1.4199 AUD, and the Japanese Yen is losing 1.44% currently at 92.08 JPY.
Gold lost a part from the profits of the last two days today, but keeps up with current 1,213.30 USD per troy ounce, but is stable above the mark of US $ 1,200.