US Dollar 15-Minute 08:00 09/11 to 08:00 09/12 EST
The US Dollar index saw a bit of a decline over the first half of the past past 24 hours of trading, but most of those declines were erased by a disappointing Australia employment release.
The greenback lost nearly fifty pips during New York trading hours yesterday against the four majors that make up the US Dollar index. There was no clear news story behind the movement, and the S&P futures moved higher over those same hours.
During the Asian session last night, AUD/USD lost nearly sixty points on a surprise decline in Australian job changes in August. The unemployment rate also rose to 5.8% in July, and the participation rate fell to the lowest since 2006. The decline in Aussie sent the USDollar index back in the direction of 10,700.
There was a temporary decline in the US Dollar index during the European session, corresponding to a rise in the Pound against the Dollar. Governor Carney testified in the UK parliament and said that the BoE is still focused on inflation rates, despite the new unemployment threshold. The Pound rise was temporary, as was the dip in USDollar.
Source: http://dld.bz/cPG7N
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