March 12, 2014 2:24 pm
The pound fell to the weakest level in a month versus the US dollar after Bank of England Governor Mark Carney commented yesterday that according to him, there was enough spare capacity in the UK economy, suggesting rates may be put on hold for a prolonged period of time. GBP/USD hit a session low at […]
Read moreMarch 12, 2014 11:02 am
The euro traded little changed against the US dollar on Wednesday, following a report that showed industrial production in the euro zone unexpectedly fell in January, led by a slump in energy output, underlining the fragile recovery of the 18-nation common currency area from a record-long recession. EUR/USD hit a session high at 1.3875 at […]
Read moreMarch 12, 2014 8:50 am
The yen extended yesterdays gains against the US dollar after a gauge of Chinese economic surprises declined to the weakest level in nine months, fueling concern over a slump in the Chinese economy that boosted demand for the Japanese currency as a safe-haven. USD/JPY touched a session low at 102.81 at 07:00 GMT, after which […]
Read moreMarch 12, 2014 8:00 am
Australian dollar retreated against its US counterpart on trading Wednesday, following data, that showed a gauge of consumer confidence in Australia weakened this month, while home lending in the country remained unchanged during January. AUD/USD touched a daily low at 0.8948 at 1:22 GMT, also the pairs lowest level since March 5th, after which consolidation […]
Read moreMarch 11, 2014 1:45 pm
The euro extended a decline from the strongest level since October 2011 against the US dollar, after European Central Bank Vice President Vitor Constancio said market players hadnt fully understood the forward guidance of the central bank. EUR/USD touched a session low at 1.3834 at 11:15 GMT, after which consolidation followed at 1.3853, losing 0.18% […]
Read moreMarch 11, 2014 10:54 am
The pound edged slightly lower against the US dollar on Tuesday, after a report showed UK manufacturing output increased at a faster-than-expected pace in January, but the broader measure of industrial production was hampered by the recent bad weather conditions. Meanwhile, Bank of England Governor Mark Carney said that the main interest rate will gradually […]
Read moreMarch 11, 2014 9:09 am
The yen traded little changed against the US dollar on Tuesday, after the Bank of Japan kept record easing, before an April sales-tax increase that may trigger the worst one-quarter contraction since the March 2011 earthquake. USD/JPY hit a session low at 103.19 at 08:00 GMT, after which the pair erased earlier losses to trade […]
Read moreMarch 11, 2014 8:00 am
Australian dollar traded slightly higher against its US counterpart on Tuesday ahead of the report on employment change in Australia during February, scheduled to be published on March 13th. AUD/USD reached a session high at 0.9043 at 6:59 GMT, while at 7:16 GMT the pair was gaining 0.16% on a daily basis to trade at […]
Read moreMarch 10, 2014 2:17 pm
The loonie, as the Canadian dollar is best known, fell to more than one-week low against its US counterpart, despite data showed today that Canadian housing starts rose at a faster-than-expected pace in February. However, loonies demand continued to be pressured after Canadian employment unexpectedly declined for the second time in three months in February, […]
Read moreMarch 10, 2014 12:38 pm
The euro retreated from highs unseen since October 2011 against the US dollar, after European Central Bank Governing Council member Christian Noyer said that strengthening of the 18-nation common currency created downward pressure on euro zones economy. EUR/USD hit a session low at 1.3867 at 11:27 GMT, after which the pair trimmed daily losses to […]
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