The United States dollar has been doing relatively well throughout the year, strengthening as investors showed their confidence in a strong economic recovery. Now, however, fears are setting in that the economic growth may slow down, causing the dollar to weaken at the end of the forex trading week on Friday, July 30th. Even with the decrease in jobless claims from the prior 468K to 457K, the US dollar weakened against many of the other major currencies. Gold closed at $1,168.4 per ounce strengthening by 0.7%, while crude oil closed at $78.3 per barrel to post a gain of 1.8%. The NASDAQ fell by 0.57%, and the Dow Jones fell by 0.29%.

The euro, on the other hand, has finally posted its first gain in nearly three months. This comes hand-in-hand with the investor confidence in the strengthening of the region’s economy. The EUR/USD forex pair traded at a high of 1.3107 and a low of 1.2977.