Talking Points:
US Dollar Index declines nine straight days
Greenback rises on higher Australian unemployment
US jobless claims and retail sales disappoint expectations
A look back at the past 24 hours of Forex trading using movements in the US Dollar Index:
US Dollar 15-Minute 12:00 02/12 to 12:00 02/13 EST
Want to trade with proprietary strategies developed by FXCM? Find out how here.
The Dow Jones FXCM US Dollar Index has declined for the ninth consecutive day in Thursday’s trading, setting a new 2-month low below 10,600.
The dollar first jumped 20 points higher in the beginning of the Tokyo session on the release of disappointing Australian employment data. The Australian unemployment rate rose to a 10-year high in January, sending the Australian Dollar 60 pips lower against the US Dollar.
The greenback index slowly erased those gains over the rest of the Tokyo session, and the dollar fell lower
in the London session against the Euro despite a lack of significant news. USD then took a final dip to
10,580 on a simultaneous release of
jobless claims and retail sales, as both data measures disappointed expectations.
New to Forex? Watch this video
Charts created by Benjamin Spier using Marketscope 2.0
— Written by Benjamin Spier, DailyFX Research. Feedback can be sent to bbspier@fxcm.com .
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.Learn forex trading with a free practice account and trading charts from FXCM.
Source: Daily fx
