FXStreet (San Francisco) - It was Tuesday August 12th, 2014; my thoughts were short, my hair was long and the currency market was trading with low volume all summer day. US JOLT job report rose by 4.67 million in June, highest in 13 years, signaling improving labor market.
On the other hand, "Despite only two headlines above on Russia, the noise was almost constant over the backwards and forwards of sanctions and humanitarian efforts," commented Adam Button from ForexLive. "Finland had a moan up on loss of business as did Poland. NATO was still priming a Russian invasion and Friday’s peace and calm was knocked back into worrying about geopolitical events once more."
Inside this framework, the EUR/USD decline for second day as the pair retested the 1.3330 area again. However the level held and the pair bounced back to price around 1.3370 where it is closing now.
The GBP/USD closed positive on the day after bouncing at 1-month lows around 1.6755. Pair recovered all previous losses and closed above 1.6800. The USD/JPY maintained the 102.00 level.