Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.Both the yen and the US dollar rose on Monday after last week’s weaker than expected US jobs data continued to cast doubts on a quick economic recovery. Investor’s confidence for more riskier assets took a dive after the US data showed that the American economy lost more jobs than expected, meaning investors stayed with the safety of the yen and the dollar.
European shares fell by 1.7%, hitting a seven week low, with the Australian dollar also struggling in the session. The euro fell by 0.3% in the session, down to $1.3922, while the Australian dollar fell by 0.8% to $0.7902.The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows that less people are claiming benefits.
Meanwhile the Australian dollar rose to a 15-month high of $0.9372 against the US dollar and hit a 2 week high of 84.23 against the Yen. The Australian jobs data showed nearly 25,000 more people in work during October, compared to the expected 10,000 decline, but unemployment still rose to 5.8% as expected.The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows that less people are claiming benefits.
Meanwhile the Australian dollar rose to a 15-month high of $0.9372 against the US dollar and hit a 2 week high of 84.23 against the Yen. The Australian jobs data showed nearly 25,000 more people in work during October, compared to the expected 10,000 decline, but unemployment still rose to 5.8% as expected.
