After posting gains for several days, the dollar has declined versus forex majors on the September 2 forex trading day. It looks like the investors have placed their trust back on other major currencies following the release of better economic forecast and figures, suggesting that global economic recovery, though slow, maybe on its way. From the forecast of -20K in August, there were only 10,000 unexpectedly cut jobs reported that month. These figures helped push the commodities and stock markets to new levels. NASDAQ went up by 2.97%, and Down Jones gained by 2.54%. Crude oil ended up at $73.91 per barrel after a 2.4% gain. Gold, on the other hand, only suffered from a small decline of 0.2% to close at $1,248 per ounce. It is anticipated that the Unemployment Claims will have a 2k increase, from 743K to 745K. From the -2.6%, the Pending Home Sales are expected to come out better at -1.3%.

The euro and pound both gained against the dollar, following the more encouraging global economic data. The EUR/USD closed at a high of 1.2855 and a low of 1.2662, while the GBP/USD pair traded at a low of 1.5336 and a high of 1.5491.