March 10, 2014 9:35 am
The yen trimmed daily gains against the US dollar after data showed Japans economy expanded at a slower-than-expected pace in the fourth quarter and the current account deficit widened to a record in January, fueling concerns over the nations economic outlook, before a sales-tax increase in April. USD/JPY touched a session low at 102.94 at […]
Read moreMarch 10, 2014 8:02 am
Australian dollar lost ground against its US counterpart on trading Monday, after Chinas exports declined the most since 2009, while continuing tension on the Crimean peninsula triggered safe haven demand. AUD/USD touched a daily low at 0.9023 at 7:03 GMT, after which consolidation followed at 0.9027, falling 0.47% for the day. Support was likely to […]
Read moreMarch 9, 2014 8:49 am
The euro advanced to the strongest level in more than two years against the US dollar on Friday, after European Central Bank President Mario Draghi signaled that deflation risks in the euro zone are easing, reducing bets ECB will add to monetary stimulus. EUR/USD touched a 29-month high at 1.3915 at 11:30 GMT, after which […]
Read moreMarch 8, 2014 2:25 pm
Australian dollar came off fresh three-month highs against the US dollar on trading Friday, after official data revealed that employers in US non-farm sector added more jobs than initially projected in February. Having touched a new daily high at 0.9134 at 13:12 GMT, also the highest level since December 11th, AUD/USD lost ground to close […]
Read moreMarch 7, 2014 2:37 pm
The loonie, as the Canadian dollar is best known, retreated from the strongest level in more than two weeks against the US dollar, after data showed US employers added higher-than-expected number of workers last month, easing concerns over the US economic outlook. At the same time, data showed that Canadian employers eliminated jobs last month, […]
Read moreMarch 7, 2014 10:47 am
The pound trimmed daily gains to trade little changed against the US dollar, after an official report showed UK consumer inflation expectations declined in the three months through December, while at the same time investors awaited the release of US payrolls data later in the day, which may show employers added more workers to payrolls […]
Read moreMarch 7, 2014 9:18 am
The euro advanced to the strongest level in more than two-months against the US dollar after yesterday the European Central Bank decided to hold its main interest rate at a record low and announced that inflation is expected to gradually accelerate, easing concerns central banks officials will add monetary stimulus. Having reached a session high […]
Read moreMarch 7, 2014 8:36 am
Australian dollar traded close to highs unseen in three months against its US counterpart on Friday and was poised for a weekly gain, following a series of optimistic economic data, released earlier in the week, while the Reserve Bank of Australia may consider a verbal intervention in order to curb further strength. AUD/USD rose to […]
Read moreMarch 6, 2014 1:49 pm
The euro advanced to the strongest level in more than a week against the US dollar, after the European Central Bank decided to hold its main interest rate at a record low this month as stronger inflation and economic output eased pressure on central banks officials to take action. EUR/USD touched a session high at […]
Read moreMarch 6, 2014 12:48 pm
The pound traded little changed against the US dollar, following Bank of England’s decision to keep its benchmark interest rate and asset purchase facility program unchanged in March. Having reached a session high at 1.6750 at 14:01, GBP/USD trimmed earlier gains to trade little changed at 1.6711 at 12:44 GMT, losing 0.06% for the day. […]
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