The biggest winner today against the US dollar was the Japanese Yen compared to other major currencies, with gains of 0.56 per cent. The USDJPY dropped from 79.73 to the 79.20 today, testing a 7-day low level. The Gold lost slightly on Jobless Claims and had modest losses for today at -0.05 per cent.
The following losers were the Swiss franc, the Euro and the British pound with losses around 0.35 per cent for all the three of them due to strengthening of the greenback as the EU summit is expected by market participants to lead to a failure of agreement among EU leaders. The US dollar showed increasing value as the Jobless Claims remained at the same level, Personal Consumption was positive but lower than expected. As a result risk aversion increased by investors who chose the safety of the US dollar and the Japanese Yen. The higher risk aversion among investors, set pressure on riskier currencies like Aussie and Loonie who had losses against the greenback of 0.44 per cent and 0.62 per cent respectively.