Forex | Forex | The Australian and New Zealand dollar strengthened against the US dollar (17/07/2009 05:49:04)

The Australian and New Zealand dollar strengthened against the US dollar

The US dollar weakened to six-week lows against most major currencies after stronger than expected results from JP Morgan Chase and better than forecast jobless claims. JP Morgan’s earnings surpassed expectations and boosted hopes for a US recovery, prompting investors to sell the safe-haven status dollar for riskier assets. The second largest US bank also warned that credit quality in consumer mortgages and credit cards were deteriorating faster than expected. Data from the Labor Department


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