AUD on Bullish: Australia’s employment unexpectedly grew and the unemployment rate fell

Daily forex news and economic news today, Nice data from Aussie, Australia's employment data made a pleasant surprise for those Forex traders that were bullish on the Australian dollar as employment unexpectedly grew and the unemployment rate fell, what a great data for all AUD forex traders and AUD stocks

Meanwhile from England we reporting, The Bank of England refrained from easing the monetary policy at today's meeting, causing the Great Britain pound to climb. The United Kingdom still suffers from the double-dip recession and it is questionable whether the currency could maintain its gains.

From Eurozone we update, Euro is finding some support in Forex trading today, all of you forex traders heading a little bit higher. Even though there are still concerns about what is happening in Europe, traders are looking for a little bit of respite from the risk aversion and gloom. So, the euro is a little bit higher right now, and other high beta currencies are seeing some success as well.

Eurozone horror, After a few days of gloom over Europe, risk appetite is making an appearance in the financial markets. US dollar is pulling back from recent highs against the euro and the pound, and heading lower as Forex traders look for a little extra yield, and as a degree of optimism is seen as moves are made to shore up Spain

But The Australian dollar dropped, reaching the lowest level against its US counterpart this year, as Forex market participants anticipate a set of poor fundamental data from the South Pacific country today.

Another stories from England, The Great Britain pound fell today after a report showed that UK retail sale declined. The negative data ahead of the policy meeting makes market participants question what actions the central bank will take