At the end of the week, the dollar ceased to push through with its rally against the major currencies. On August 13 forex trading day, the dollar posted some mixed results versus some of the major currencies. There are disappointing economic data that came out that day like the Import Price Index, which fell to 0.2% versus the 0.4% forecast and the Initial Jobless Claims, which came out worse than the anticipated 465K at 484K. The stock markets didn’t fare any better with Dow Jones declining by -0.57% and NASDAQ tumbling by -0.83%.

The EUR/USD pair traded between 1.2780 and 1.2931. It weakened against the dollar but was able to recover after falling below the 1.28 zone. The Industrial Production Date resulted in -0.1%, worse than the anticipated 0.7%. The British pound also weakened against the dollar after trading below its support level of 1.5560. It then recovered and traded around the 1.56 zone. The GBP/USD pair traded with a low of 1.5559 and a high of 1.5712. The dollar gained against the Japanese yen, as the USD/JPY pair traded at a high of 86.17 and a low of 84.92.