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Forex Market: EUR/USD hits session highs, following EZ, US reports

March 17, 2014 3:02 pm
The euro reached daily highs against the US dollar, as investors mulled economic data that came out of the Euro zone and the United States, while US President Barack Obama imposed sanctions on 7 top Russian government officials after the vote in the Crimean peninsula. EUR/USD climbed to a session high at 1.3948 at 14:10 […] Read more

Forex Market: EUR/GBP trades slightly up despite EZ inflation report

March 17, 2014 12:27 pm
The euro was gaining ground against the British pound on trading Monday, despite the annualized harmonized index of consumer prices (HICP) in the Euro zone came in below forecasts during February. EUR/GBP touched a session high at 0.8368 at 12:20 GMT, after which consolidation followed at 0.8364, gaining 0.09% for the day. Support was likely […] Read more

Forex Market: AUD/JPY gains after Crimean vote, Westpac downward revised forecast

March 17, 2014 9:57 am
Australian dollar surged against the Japanese yen on trading Monday, after the vote in the Crimean peninsula and while Westpac Banking Corp. reduced its forecast that the Reserve Bank of Australia (RBA) may cut borrowing costs further this year. AUD/JPY touched a session high at 92.44 at 9:05 GMT, after which consolidation followed at 92.34, […] Read more

Forex Market: AUD/USD with daily gains on RBA rate outlook, Crimean vote

March 17, 2014 8:05 am
Australian dollar gained ground against its US counterpart on trading Monday, after the preliminary results from Crimeas referendum, while an expert from Westpac Banking Corp. expected no further cuts in borrowing costs by the Reserve Bank of Australia (RBA) during this year. AUD/USD hit a session high at 0.9063 at 6:05 GMT, after which consolidation […] Read more