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Forex Market: AUD/JPY loses ground on increased safe haven demand

March 18, 2014 9:25 am
Australian dollar fell from session highs against the Japanese yen on trading Tuesday, as Russian President Vladimir Putins support of Crimeas request to join the Russian Federation triggered demand for safe haven assets, such as the yen. Having touched a daily high at 92.81 at 0:31 GMT, AUD/JPY lost 0.45% to trade at 92.06 at […] Read more

Forex Market: EUR/JPY edges lower as Putin’s statement triggers safe-haven demand

March 18, 2014 9:25 am
The yen advanced against the euro on Tuesday, after Russian President Vladimir Putin said that he supported a request from Ukraine’s breakaway region of Crimea to join the Russian Federation, boosting demand for safer investments. EUR/JPY slid to a daily low of 141.03 at 08:24 GMT, after which the pair consolidated at 141.10, losing 0.4% […] Read more

Forex Market: USD/RUB gains ahead of FOMC meeting

March 18, 2014 8:46 am
The US dollar advanced against the Russian ruble on Tuesday, after better-than-expected US economic data backed the case for further stimulus cuts before the Federal Reserve starts a two-day meeting today. USD/RUB reached a session high at 36.535 at 7:00 GMT, after which consolidation followed at 36.503, rising 0.59% for the day. Support was likely […] Read more

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