Forex

The released Japanese GDP pressured the outlook for the world economy rehabilitation

By Forex-Metal

Asian and European trading sessions:

Euro: The EUR/USD pair strengthened above the $1,2800 mark on the background of the mild risk appetites.

British Pound: The sterling showed maximums against the US dollar at the level of $1,5640, but the pound decreased later on.

Japanese Yen: Monday morning trading saw Japanese yen growth against the major currencies. Japanese Gross Domestic Product indicators, released on Sunday, turned out to be below expectations. The GDP annualized for the second quarter decreased to 0.4% against the forecasted 2.3%. Therefore, the outlook for the world rehabilitation rate dropped. Consequently the demand for the save-haven currencies increased.

New Zealand Dollar: The speculations regarding the slow-down of the world rehabilitation rate pressured the New Zealand dollar rate.

Australian Dollar: The dropped expectations for the possible increase of the principal rate of Australia pressured the national currency rate.

Gold and Silver: Gold rate increased to $1229.50 per ounce due to the US dollar general weakness. The silver price grew to $18.49 per ounce.Oil: The morning trading was set around the $75.76 level per barrel.

American trading session:

US Dollar: The greenback decreased against the euro due to the released negative US fundamentals. The Empire Manufacturing index for August turned out to be the level of 7.10 against the forecasts of 8.0. The Net Long-term TIC flows for June was at the level of $44.4 Billion when the predicted level was $45.7 Billion. And, finally, the NAHB housing market index for August dropped to the level of 13 against the expectations of 15 and previous level of 14.