Source: ForexYard
After hitting a fresh two-year low against the US dollar yesterday, the euro saw very modest gains in the overnight session. The AUD took significant losses last night after a worse than expected Employment Change figure signaled a possible economic slowdown in the Australian economy. Meanwhile, after gaining around $1.65 yesterday following the US Crude Oil Inventories report, oil gave back some of its gains during the Asian session and is currently trading around the $85.25 level.
Main News for Today
US Unemployment Claims-12:30 GMT
• Following last week’s disappointing Non-Farm Payrolls figure, investors will be closely watching today’s news for clues as to the current state of the US labor sector
• Should the indicator come in above the forecasted 376K, the dollar could take losses against its main currency rivals, including the EUR and JPY
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