February 24, 2014 12:55 pm
The euro trimmed daily gains against the US dollar on Monday to trade little changed, as annual inflation in the euro zone remained under 1% for a fourth month and after the European Central Bank President Mario Draghi reiterated that the central bank is ready to ease monetary policy as early as next month if […]
Read moreFebruary 24, 2014 10:30 am
The sterling snapped a five-day drop against the US dollar on Monday, after Mark Carney, Governor of Bank of England pledged the central bank will help the UK economy in its struggle to recover. GBP/USD hit a session high at 1.6679 at 10:00 GMT, after which consolidation followed at 1.6661, adding 0.28% for the day. […]
Read moreFebruary 24, 2014 7:50 am
Australian dollar traded slightly lower against its US counterpart on Monday, following its first weekly loss in four weeks, after prices of iron ore, Australias largest export, decreased last week. At the same time, prices of new homes in China, Australias largest export market, curbed their rate of increase in January. AUD/USD touched a session […]
Read moreFebruary 23, 2014 11:09 am
The euro erased daily losses against the US dollar on Friday to register a third weekly advance, after data revealed that the number of existing homes sold in the US fell to an 18-month low in January, which added to concerns that the severe weather conditions may have slowed the growth of the US economy. […]
Read moreFebruary 22, 2014 3:55 pm
Australian dollar extended daily losses against its US counterpart on trading Friday and registered a weekly loss for the first time in four weeks, after prices of iron ore, Australia’s largest export, dropped. Having fallen to a daily low at 0.8952 at 14:20 GMT, AUD/USD closed at 0.8978 on Friday, losing 0.31% for the day, […]
Read moreFebruary 21, 2014 2:47 pm
The loonie, as the Canadian dollar is best known, declined to the weakest level in three weeks against its US counterpart, after data revealed Canadian retail sales declined the most in a year in December. USD/CAD touched a session high at 1.1196 at 13:30 GMT, after which consolidation followed at 1.1151, adding 0.46% for the […]
Read moreFebruary 21, 2014 10:35 am
The pound advanced against the US dollar, but gains were limited, after data revealed UK retail sales expanded at a slower-than-expected pace in January. GBP/USD hit a session high at 1.6688 at 09:47 GMT, after which consolidation followed at 1.6670, adding 0.11% for the day. Support was likely to be received at February 13th low, […]
Read moreFebruary 21, 2014 8:15 am
The yen fell against the US dollar, after trading little changed in the last two days, on expectations Japans economy may slow down in 2014, due to an unprecedented trade deficit and an April sales-tax increase, which could undermine BoJ efforts for sustainable recovery. USD/JPY touched a session high at 102.61 at 05:15 GMT, after […]
Read moreFebruary 21, 2014 8:03 am
Australian dollar lost ground against its US counterpart on trading Friday and was set to register its first weekly drop in four weeks, after prices of iron ore, Australias largest export, fell. AUD/USD touched a session low at 0.8982 at 6:30 GMT, after which consolidation followed at 0.8980, losing 0.18% for the day. The pair […]
Read moreFebruary 20, 2014 2:51 pm
The loonie, as the Canadian dollar is best known, declined to a two-week low against its US counterpart, after a report revealed the manufacturing activity in the US accelerated at the fastest pace since May 2010 last month, easing concerns over the US economic outlook. USD/CAD hit a two-week high at 1.1093 at 13:40 GMT, […]
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