User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Friday September 3, 2010 - 19:55:20 GMT
Reuters -

Share This Story:
| | Email

FOREX NEWS - Dollar falls vs euro, higher-yielding currencies

2:36pm EDT

* Risk appetite increases; yen, Swiss franc under pressure

* U.S. payrolls fall less than expected in August

* U.S. service sector activity growth slows in August (Updates prices, adds quotes, details, changes byline)

By Aleksandra Michalska

NEW YORK, Sept 3 (Reuters) - The U.S. dollar fell against most foreign currencies on Friday after a surprisingly strong non-farm payroll report eased worries about the economy and boosted the appetite for riskier assets.

The safe-haven yen and Swiss franc weakened broadly, while higher-yielding currencies such as the Australian dollar gained as expectations grew that the health of the U.S. labor market may not be as poor as many had feared.

U.S. non-farm payrolls fell by 54,000 in August, the Labor Department said, well below expectations for a decline of 100,000. And private employment, considered a better gauge of labor market health, increased more than had been forecast. For details, see [ID:nN02227856]

"Today's employment number was encouraging," said Kevin Chau, FX strategist at IDEAglobal in New York. "But I think the market is still looking for more signs that we are not heading towards double dip."

Optimism about the economy, however, faded slightly after separate data showed the U.S. non-manufacturing sector grew more slowly than expected in August and the sector's employment shrank.

The ICE Futures U.S. dollar index .DXY, which tracks the greenback versus a basket of six currencies, last fell 0.5 percent to 82.052.

Stephen Butler, director of forex trading at Scotia Capital in Toronto, expects further dollar weakness in the near term as risk appetite stays supported.

The euro traded at $1.2884 EUR=, up 0.5 percent. Against the yen, it gained 0.6 percent to 108.69 yen EURJPY=.

While the jobs report may mitigate fears of a double-dip recession, some analysts cautioned that the U.S. economy is still in for a slow recovery.

"Just as trading on the bad U.S. data recently was overdone, I think sentiment on this week's positive reports is also going to be overdone," said Fabian Eliasson, vice president of currency sales at Mizuho Corporate Bank in New York. "You have a lot of people unemployed, so it's a long way back to normal."

The dollar earlier rallied more than 1 percent against the yen to a session high of 85.22 yen after the jobs data JPY=, according to Reuters data. It pared most gains after the weaker-than-expected services data from the Institute for Supply Management, and last traded up 0.2 percent at 84.42 yen.

The dollar hit a 15-year low of 83.58 yen on electronic trading platform EBS late last month on fears the U.S. economic recovery was stalling.

IDEAglobal's Chau said the dollar/yen may still try to dip below 80 and traders will likely continue to pay close attention to the risk of currency intervention by Japanese authorities to weaken the yen.

The euro rose to 0.9 percent against the Swiss franc EURCHF= to 1.3114 francs, off from an all-time low around 1.2850 earlier this week. The dollar was up 0.4 percent at 1.0170 francs CHF=.

The increase in risk appetite lifted commodity currencies. The Australian dollar hit about four-week highs against the dollar to US$0.9175 AUD=, while the New Zealand dollar rose to a more than three-week high at US$0.7218 NZD=. The Canadian dollar advanced to a two-week high, with the greenback falling 1.3 percent to last trade C$1.0399 CAD=. (Additional reporting by Nick Olivari and Steven C. Johnson; Editing by Leslie Adler)

© Thomson Reuters 2010. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.

Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.




Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered to YOUR charts in real-time.

Register To Test Your Amazing Trader

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 10 Sep 2018
AA 08:30 GB- GDP, Trade, Output
Tue 11 Sep 2018
AA 08:30 GB- Employment Decision
A 09:00 DE- ZEW Survey
Wed 12 Sep 2018
A 12:30 US- PPI
A 14:30 US- EIA Crude
A 18:00 US- Beige Book
Thu 13 Sep 2018
A 1:30 AU- Employment
AA 11:00 GB- Bank of England Decision
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
AA 12:30 US- CPI
Fri 14 Sep 2018
A 08:30 GB- GDP
AA 12:30 US- Retail Sales
A 13:15 US- Industrial Production
AA 14:00 US- prelim University of Michigan

John M. Bland, MBA
co-founding Partner,

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube

Max McKegg's Daily Forex Trading Forecasts

Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.

Request a TRIAL of Max's Forex Service.


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Open Forum
Futures Forum
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Online Forex Trading
Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
Forex Products
GVI Forex
Free Trials
FX Bookstore
FX Jobs and Careers
Jobs USA
Jobs UK
Jobs Canada

Forex Forum

The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.

Forex News

The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.

Currency Trading

Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by

Forex Brokers

The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.

Forex Trading

Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.

FX Trading

Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.

Forex Blog also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.



By using this website, you are agreeing to our Privacy Policy and Terms of Use, and Cookie Policy

Copyright ©1996-2014 Global-View. All Rights Reserved.
Hosting and Development by Blue 105