More from FXstreet.com

Forex: AUD/USD tumbles to 0.9870, 3-day low

By FXstreet.com,  January 20, 2011, 09:19:00 AM EDT

FXstreet.com (Córdoba) - The Aussie is falling for the second day in a row against the Dollar after being unable to close yesterday above parity. AUD/USD broke below 0.9925 and fell to 0.9895 but following the release of US jobless claim, the pair accelerated the downside reaching at 0.9870 a new daily low.

The decline of gold prices is also weighting on the Aussie. The ounce is falling more than $10 and is trading below $1,350 at the lowest level in two months.

US Initial jobless claims fell by 37K on the week off January 15, to a total volume of 404K, beating market expectations of a 15K decline to 426K. Previous week's claims have been revised to 441K, from previously estimated 445K.





The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Residents in Stockholm's Suburbs Tire of on-Going Violence
Residents in Stockholm's Suburbs Ti...
Arpaio Accepts 'Racial Profiling' Ruling, but Will Appeal
Arpaio Accepts 'Racial Profiling' R...
Why Pakistan's Cheap Fuel Shortcut Is a Problem
Why Pakistan's Cheap Fuel Shortcut ...
Avoid Being Your Portfolio's Own Worst Enemy
Avoid Being Your Portfolio's Own Wo...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%