Explain why the Australian Dollar
(AUD), British Pound (GBP), Euro (EUR) and Canadian Dollar (CAD) are impacted
on 6 January 2012.
The factor that impacted on 6 January
2012 is Jobless Rate, Euro zone, unemployment, Industrial Orders, Manufacturing Orders.
1) Australian
Dollar(AUD)
-
US Employment data and jobless claims improved.
This figure may be impacted by seasonal factors but is still the largest
monthly gain since 2001.
-
It might suggest a decrease in demand for
non-monetary gold that could explain the decline in gold prices
2) British
Pound (GBP)
-
It is association with the European debt
problems.
-
The United Kingdom is highly exposed to the
European Union as the banks own a lot of EU debt, and the UK also sends 30% of
its exports to that area.
-
It's a leading indicator of the housing
industry's health because rising house prices attract investors and spur
industry activity.
3) Euro
-
The Euro slumped to 16 month lows led lower by
Spain and Italy as Euro zone debt tensions outweighed the strong US jobs data.
-
Oil prices spiked higher overnight as Europe
confirmed it would ban Iranian oil exports with Saudi Arabia stepping in to
close the shortfall, closing at USD 101 per barrel (WTI).
-
Release earlier consumer spending data and it is
the primary gauge of consumer spending, which accounts for the majority of
overall economic activity.
4) Canadian
Dollar(CAD)
-
The number of unemployed people is an important
signal of overall economic health because consumer spending is highly
correlated with labor-market conditions.
-
Consequently might affect the prices of energy
commodities including crude oil and natural gas prices as Canada is a lead
exporter of these commodities to the U.S