March 6, 2014 8:33 am
The yen declined to a two-week low against the US dollar after a Japans government advisory panel reported there was no need for the worlds largest Government Pension Investment Fund (GPIF) to continue focusing only on domestic bonds, citing accelerating inflation. USD/JPY hit a session high at 102.81 at 08:07 GMT, after which consolidation followed […]
Read moreMarch 6, 2014 8:08 am
Australian dollar gained ground against its US rival on trading Thursday, after data showed Australias retail sales rose at a pace three times faster than projected, while the surplus on nations trade balance widened the most in 2.5 years. AUD/USD climbed to a session high at 0.9034 at 0:32 GMT, which has been the pairs […]
Read moreMarch 5, 2014 3:59 pm
The loonie, as the Canadian dollar is best known, advanced to the strongest level in two weeks against its US counterpart, after BoC decided to maintain its interest rate, citing economic growth and inflation that “continue to strengthen gradually”. Meanwhile, companies operating in the US private sector added fewer-than-expected jobs in February, while activity in […]
Read moreMarch 5, 2014 12:49 pm
The euro edged slightly lower against the US dollar, despite euro area services activity accelerated at a faster-than-expected-pace in February, amid speculation ECBs officials may have to ease monetary policy at their meeting tomorrow, in order to counter weak price pressure. Having reached a session high at 1.3745 at 09:00 GMT, the pair erased daily […]
Read moreMarch 5, 2014 10:31 am
The pound traded little changed against the US dollar before Bank of England officials start a two-day meeting today and after data revealed the UK services sector expanded at a faster-than-expected pace last month. GBP/USD touched a session high at 1.6694 at 09:09 GMT, after which the pair trimmed daily gains to trade little changed […]
Read moreMarch 5, 2014 8:00 am
Australian dollar trimmed its earlier advance against the US counterpart on trading Wednesday, while an official report revealed Australian economy expanded at a faster than anticipated pace during the final quarter of 2013. Having touched a daily high at 0.8997 at 0:34 GMT, also the highest point since February 26th, AUD/USD was trading at 0.8967 […]
Read moreMarch 4, 2014 2:31 pm
The euro advanced against the US dollar on Tuesday, amid increasing bets ECB will refrain from easing monetary policy at its policy meeting on Thursday, after data last week showed the inflation rate in the euro zone accelerated at a faster-than-expected pace in February. EUR/USD hit a session high at 1.3782 at 13:43 GMT, after […]
Read moreMarch 4, 2014 10:19 am
The pound trimmed earlier gains to trade little changed against the US dollar, after a gauge of UK construction activity slowed its pace in February, retreating from 6-1/2-year high in the previous month. GBP/USD hit a session high at 1.6717 at 08:10 GMT, after which the pair trimmed daily gains to trade little changed at […]
Read moreMarch 4, 2014 8:58 am
The yen retreated from one-month high against the US dollar, after it became clear that Russian President Vladimir Putin had ordered troops to return to their bases as military exercises concluded amid rising tensions in the pro-Russian Ukraine’s Crimea region. USD/JPY touched a session high at 101.95 at 06:05 GMT, after which the pair consolidated […]
Read moreMarch 4, 2014 8:00 am
Australian dollar managed to recover from earlier daily losses against its US counterpart on Tuesday, while the Reserve Bank of Australia (RBA) decided to keep borrowing costs without change at its policy meeting today, as the exchange rate of the national currency was still high. Having touched a session low at 0.8910 at 3:45 GMT, […]
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