Dollar declines against the Euro due to unemployment report

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Source: Investing.com
On Monday the US Dollar weakened versus the Euro amid the latest US labour market report. EUR/USD rose to 1.1852, compared to last Thursday's nine-year low. 252 thousand new jobs were added to the US economy in December, and the unemployment fell down to a 6.5 year low of 5.6%. Meanwhile, the Euro zone is on the verge of deflation, and purchasing government bonds may well help deal with the issue. As for the US Dollar Index, it declined to 92.07, down from a 12-year high of 92.76.
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Mon, 12 Jan 2015 11:11:04 GMT

GBP weakens against the US Dollar to a nearly 18-month low

On Monday the Pound declined versus the US Dollar close to an 18-month low, hitting $1.5099. Demand for the Greenback was quite strong, in spite of pale US average hourly earnings data. The earnings declined 0.2% during December and were only 1.7% higher relative to the previous year. At the same time, the UK currency found support amid the upbeat manufacturing production

Mon, 12 Jan 2015 10:49:14 GMT

Gold rises to a new one-month high amid weak Dollar

Gold reached a one-month high amid speculation that the Fed is not rushing to rise interest rates, thus weakening the US Dollar and increasing precious metal demand. Gold for immediate delivery gained 0.7% to $1,231.29 per ounce, while the futures for February added 1.3% to $1,231.30 per ounce, the highs not seen since December 11.

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