Economic issues around the world continue to weigh down on many forex trading investors. In the US, higher than expected jobless claims are being taken as a sign that global recovery is slowing. Investors have reacted by avoiding risky assets and putting their money into the dollar, causing the dollar to gain against many of the major currencies in the forex market.

In Europe, weak economic data has caused the euro to slip to a five-week low against the dollar. Also, investors’ worries crept up after news came out about a European Central Bank official requesting more financial aid. The EUR/USD forex pair traded at a high of 1.2833 and a low of 1.2663.

The Japanese yen continues to gain against many of the majors due to the worries about global recovery. The USD/JPY forex pair continues on its bearish trend, trading at a high of 85.82 and a low of 85.19.