Forex: Thursday’s review

Dollar exchange rate fell substantially against the euro, after reaching the highest level since December, as the attention of many participants shifted to a two-day summit in Brussels.

We also add that from the fall of the dollar is not saved even better than expected data. Note that The Ministry of Labor will present another positive sign for the U.S. labor market, published a report showing that the number of initial claims for unemployment benefits unexpectedly fell in the week ended March 9. The report shows that for the week of March 10, the number of applications for unemployment benefits fell to 332,000, which is 10,000 less from the previous week's revised figure 342 000.Padenie surprise to economists, who had expected that the number of applications for unemployment benefits increase to 355,000 from 340,000, which was originally reported last week. The number of repeat orders decreased from 3.113 million to 3.024 million vs. 3.100 million

The yen rose against the dollar after it dropped to the weakest level since August 2009, which was due to the fact that the lower house of parliament has approved as the next head of the Central Bank Haruhiko Kuroda, who is a proponent of increasing incentives.

The pound rose against the dollar, departing from the weakest level in seven months, helped by speculation that Qatar will invest in infrastructure projects, which immediately led to a greater demand for sterling. In addition, note that the growth rate was also associated with the fact that many market participants are awaiting publication of the annual budget for 2013, which will be on Wednesday.

The Australian dollar rose against all 16 major currencies, as the Bureau of Statistics said the number of employed rose last month to 71,500, compared to an increase of 13,100 people in the previous month. We add that according to the average forecast of economists should have been an increase of 10,000 people.