[B]Intra-Day Market Moving New and Views AUD/USD
07 Aug 2014[/B] [I]01:34GMT[/I]
[B]AUD/USD -[/B] .... Aussie tanks after Australian jobless rate in July climbed sharply to 6.4% vs forecast of 6.0% whilst employment change came in at -300 vs street forecast of a +12K job growth. The pair tumbled fm 0.9355 to 0.9302 after the data shock.
Last night, U.S. President Obama said: 'can’t solve entire corporate tax inversions problem administratively, but looking for ways to interpret statutes to discourage use of loophole; would prefer congress pass law end inversion loophole but White House reviewing all its options on the issue; we don’t want to see this trend grow on inversions, so wants to move quickly on the issue.'
He also said ‘Russian economy has “ground to a halt” as result of U.S. and European sanctions; supports ceasefire negotiations talking place in Egypt, wants to make sure that current temporaty truce holds.’
News from Reuters, Russia’s veterinary service to ban all U.S. agricultural products and all EU fruit, vegetable imports - RIA news agency says, citing the service.
[B]Thursday[/B] will see the release of Australia’s unemployment rate, Swiss consumer confidence, German industrial output, Bank of England rate decision, eurozone rate decision, Canada’s Ivy PMI and building permit.