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.:: 12.09.2013

The Australian dollar and the Japanese yen show best results

According to the results of today's Asian session and a few hours of European trading, weakness of the Australian dollar and growth of the yen can be seen among the major currencies. Other currencies do not show significant price changes in the Forex market.

The AUD fall against major currencies was due to the negative data on the labor market in August, which was published today in Asia. Instead of the expected increase, the number of job places in Australia decreased in the last month of summer, the value of which coincided with the analysts' growth forecast. The unemployment rate matched expectations.

Strengthening of the yen is caused by increase in demand for it as on a safe asset. According to Japanese media Prime Minister Shinzo Abe has decided to implement a sales-tax hike in April to 8%. Fears that the increased tax will hinder the economic growth were the cause of buying the yen as a safe asset.

According to forex.lv

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