USD Dollar (USD), Daily Review, August 9th 2010

By @ibtimes on

The Dollar tumbled against 15 of its 16 major counterparts after disappointing NFP data which came out -131k twice worse than expected -65k showing that U.S economy remains weak and adding concerns about economic recovery. The Unemployment Rate came out 9.5% better than expected 9.6%. The Stock Markets in U.S reacted negatively to the data with Dow Jones losing -0.2% and the NASDAQ sliding by -0.2%. Crude Oil fell by 1.6% closing at 80.82$ a barrel. Gold (XAU) breached the 1200$ level and closed at 1205.1$ an ounce. No economic data is expected today.

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