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[QUOTE="limyeeshin, post: 107507, member: 35099"] [CENTER][B][U][SIZE=5][COLOR=Blue]Thursday 11 August 2016[/COLOR][/SIZE][/U][/B][/CENTER] [B][U][COLOR=Red]Dollar tumbles as sterling and yen rises[/COLOR][/U][/B] The U.S. dollar fell sharply as the British pound and Japanese yen rose steadily against the currency, falling to a fresh one week low against major currencies. Meanwhile in the U.S., the Department of Labor reported that job openings rose by 2.0% in June at 5.624 million, better than 5.588 million expected by analysts. Job Openings and Labor Turnover Survey also came in at 5.1 million hires in June, up 1.7%, offsetting 2.9 million quits on the same month. The dollar vs a major currencies fell more than 0.55% to 95.38 and settled at 95.59 at the close of Wednesday trading. The dollar tumbled nearly 2% since late July. [B][U][COLOR=Red]Japanese yen rises against the dollar after upbeat data[/COLOR][/U][/B] Japanese yen sharply rose against the dollar after Japan’s core machinery orders surged by 8.3 in July, far above 3.4% increase expected. The data marked the first increase in the reading in three months. The greenback has fallen almost 4% against the yen since the Bank of Japan proceeded its modest easing program and launched a ¥1 trillion ETF program on July 29. USD/JPY fell more than 0.65%, hitting below 101 after the data release. [B][U][COLOR=Red]British pound strengthens after BoE meeting[/COLOR][/U][/B] The British pound gained modestly after the Bank of England announced that it would make up a £52 million shortage of bond purchases. It was a day after the pound hit one month low at 1.2992 after the BOE resumed its purchasing program of long term sovereign bonds. Investors were reluctant to sell long-dated debts to the central bank in a reverse auction. The Bank of England said last week it would hold three gilt reverse auctions each week until the end of October, buying gilts with maturities of 3-7 years, 7-15 years, and more than 15 years. GBP/USD rose to an intraday high of 1.3095 before settling at 1.3011, up 0.07%. [B][U][COLOR=Red]Kiwi gains despite rate cut from RBNZ[/COLOR][/U][/B] New Zealand dollar rose in Asia on Thursday despite the Reserve Bank of New Zealand lowering 25b.p cut in the official cash rate to a record low 2%. The RBNZ also added that further rate cut were possible if necessary. NZD/USD traded at 0.7280, up 0.93% after the decision. Nearby, the Australian dollar also rose modestly with AUD/USD pair trading at 0.7714, up 0.13%. [B][U][COLOR=Red]Major pairs (Thursday update)[/COLOR][/U][/B] USD/JPY ↑0.15% 101.44 EUR/USD ↓0.12% 1.1166 EUR/JPY ↑0.08% 113.28 USD/CAD ↑0.14% 1.3076 GBP/USD ↓0.08% 1.3001 USD/CHF 0.00% 0.9751 AUD/USD ↑0.10% 0.7697 NZD/USD ↑0.50% 0.7249 [/QUOTE]
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