Positive US fundamentals supported the risk sentiment.
Asian and European trading sessions
Euro: On Thursday the euro was pressured after the announcement of the Member of the ECB's Executive Board, Jürgen Stark, who mentioned that some of the German banks needed additional capital. This statement also supported the released information from this week, that 10 largest German banks needed additional capital to comply with new norms and conditions.
The EUR/USD rate dropped to the range of $1.2670.
British Pound: The sterling also dropped to the $1,5400 mark during the morning trading.
The Bank of England interest rate decision met its expectations at 0.50%, and continued to maintain its asset purchase target at GBP 200B. Therefore, the sterling did not demonstrate much reaction to these releases.
Japanese Yen: The USD/JPY pair traded somewhat above the minimums from the previous day at the level of Y83,60.
Australian Dollar: Australian dollar was supported today by the released economic docket, which showed the decrease of the Australian unemployment rate on August to 5.1% from 5.3% on previous month and forecasted level of 5.2%. As a result, the Australian dollar hit its 4-month maximum against the US dollar. The expectations over the possible increase of the principal rate reinforced.
Canadian Dollar: Canadian dollar strengthened against the greenback as well, due to the speculations that the principal rate would be raised again by the Bank of Canada.
Oil: Oil rate showed consolidation to the level of $75.23 per barrel.
Gold: Yellow metal showed some growth as well to the $1,256 mark per ounce.
American trading session
US Dollar: The released US fundamentals on Thursday turned out to be better, than their forecasts. Therefore, the American session demonstrated stabilization of the high-yielding assets over the save-haven currencies. In particular, the US initial jobless claims decreased to 451K against the expectations of 470K. And the special report showed the decreased US trade balance deficit to $42.8 billion against the expected deficit of $47.0 billion.
Oil: The commercial US oil inventories report showed reduction, which also supported the oil rate growth.
Asian and European trading sessions
Euro: On Thursday the euro was pressured after the announcement of the Member of the ECB's Executive Board, Jürgen Stark, who mentioned that some of the German banks needed additional capital. This statement also supported the released information from this week, that 10 largest German banks needed additional capital to comply with new norms and conditions.
The EUR/USD rate dropped to the range of $1.2670.
British Pound: The sterling also dropped to the $1,5400 mark during the morning trading.
The Bank of England interest rate decision met its expectations at 0.50%, and continued to maintain its asset purchase target at GBP 200B. Therefore, the sterling did not demonstrate much reaction to these releases.
Japanese Yen: The USD/JPY pair traded somewhat above the minimums from the previous day at the level of Y83,60.
Australian Dollar: Australian dollar was supported today by the released economic docket, which showed the decrease of the Australian unemployment rate on August to 5.1% from 5.3% on previous month and forecasted level of 5.2%. As a result, the Australian dollar hit its 4-month maximum against the US dollar. The expectations over the possible increase of the principal rate reinforced.
Canadian Dollar: Canadian dollar strengthened against the greenback as well, due to the speculations that the principal rate would be raised again by the Bank of Canada.
Oil: Oil rate showed consolidation to the level of $75.23 per barrel.
Gold: Yellow metal showed some growth as well to the $1,256 mark per ounce.
American trading session
US Dollar: The released US fundamentals on Thursday turned out to be better, than their forecasts. Therefore, the American session demonstrated stabilization of the high-yielding assets over the save-haven currencies. In particular, the US initial jobless claims decreased to 451K against the expectations of 470K. And the special report showed the decreased US trade balance deficit to $42.8 billion against the expected deficit of $47.0 billion.
Oil: The commercial US oil inventories report showed reduction, which also supported the oil rate growth.