Forex: EUR/USD falls to 1.3075, fresh 1-week low
FXstreet.com (Córdoba) – The decline of the Euro against the Dollar found support at 1.3075 (1-week low). The pair recovered slightly from the lows but so far it has been unable to rise back above 1.3100. Currently trades at 1.3085/90, 1% below today’s opening price.

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Crude Oil Rises With Equities, Gold Falls on Dollar Rally
Crude oil got a boost from the continued uptrend in equities, as traders consider recent weak economic data as priced in. Gold fell after the greenback rallied strongly off support.

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Forex: AUD/JPY falls to 78.75
FXstreet.com (Barcelona) – A strong Japanese yen pressures crosses lower over Asia, causing the AUD/JPY to decline to a morning low around 78.75 where it finds firm resistance. The pair is already off 0.37% since open and looks to extend to the downside with further bearish momentum.

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Crude Oil Falls on Bearish Inventory Data, Gold Liquidation Continues
Crude oil fell following a bearish inventory report on Wednesday. In the coming weeks we will see whether the enormous build was the start of a trend of an aberration.

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New Zealand Dollar Falls as RBNZ Talks Down Rate Hike Outlook
The New Zealand Dollar fell after a widely expected interest rate hike from the Reserve Bank of New Zealand as the central bank’s Governor Alan Bollard spoke out directly against the currency’s recent appreciation and downplayed the extent of further tightening.

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U.S. Unemployment Rate Falls to 9.5% Amid Decline in Job Seekers
The unemployment rate in the world’s largest economy fell to 9.5 percent in June from 9.7 percent the month prior, while nonfarm payrolls tumbled 125K. Meanwhile, private payrolls extended its five month advance as figures jumped 83K.

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Yen Falls Versus Euro After Australia’s Accord on Resources Tax
The yen fell for a third day against the euro as the Australian government’s agreement with miners for changes to a proposed resources tax supported stocks, boosting demand for riskier investments.

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Euro falls after Greece hit with junk downgrade
LONDON -The euro dipped under 1.22 dollars on Tuesday after Moody’s slashed Greece’s sovereign rating to ‘junk’ status, and following news of plunging German investor confidence, dealers said. Read more…

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