June 12: American session
Tatiana Norkina, an analyst at FBS
Negative statistics from the U.S. has given a negative effect to the American dollar. According to published data, in the last week the number of applications for unemployment benefits increased to 317 thousand, against expectations of 310 thousand. In addition, retail sales increased only by 0.3% last month, while analysts predicted a positive trend to 0.6%. As a result, the U.S. dollar index fell to around 80.70, after losing at the moment about 0.10%.
The second day of fall and stock indices: DJIA - 0.25%, while the S & P500 - 0.35%.
There are no strong movements in currency markets. Euro is steady against the dollar - the currency pair EUR/USD grew to 1.3540 after testing 1.3510 support. GBP/USD is rising again, supported by positive data on the housing market. Daily maximum was formed at 1.6840. Currency pair USD/CHF remains under 0.9000 figure, but with the support 0.8985/0.8990. Pair USD/JPY, apparently, could not resist over 102.00 - bears continue the offensive.