February 20, 2014 10:36 am
The euro retreated from the strongest level in seven weeks against the US dollar, after preliminary data showed indexes of manufacturing and services were weaker than expected in February, fueling speculation the euro zone recovery may loose momentum. EUR/USD hit a session low at 1.3686 at 08:25 GMT, after which consolidation followed at 1.3697, losing […]
Read moreFebruary 20, 2014 9:22 am
The yen advanced against the US dollar on Thursday, after Asian equities plunged following a report that showed manufacturing activity in world’s second largest economy slowed down in February, boosting demand for haven assets. USD/JPY touched a session low at 101.67 at 08:18 GMT, after which consolidation followed at 101.79, losing 0.51% for the day. […]
Read moreFebruary 20, 2014 8:23 am
Australian dollar fell against its US counterpart on trading Thursday, after a report showed manufacturing activity in worlds second largest economy slowed down in February, which dampened demand for high-yielding assets. AUD/USD fell to a session low at 0.8937 at 4:10 GMT, after which consolidation followed at 0.8955, losing 0.52% for the day. Support was […]
Read moreFebruary 19, 2014 3:21 pm
The loonie, as the Canadian dollar is best known, fell to the lowest level in a week against its US counterpart, as Canadian wholesale sales plunged to a 6-month low, fueling speculation the recent severe weather may have slowed the nations economic growth. USD/CAD hit a session high at 1.1040 at 15:17 GMT, after which […]
Read moreFebruary 19, 2014 12:37 pm
The pound extended yesterdays losses to further distance from a 4-year high, after data revealed the UK unemployment rate unexpectedly rose in the three months through December, easing concerns BoE may raise interest rates sooner-than-projected. GBP/USD hit a session low at 1.6637 at 12:24 GMT, after which consolidation followed at 1.6646, losing 0.23% for the […]
Read moreFebruary 19, 2014 9:06 am
The euro rose to a seven-week high against the US dollar before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day amid speculation Fed officials may not back further stimulus cuts as the US economic recovery seems to lose momentum. EUR/USD touched a seven-week-high at 1.3774 […]
Read moreFebruary 19, 2014 8:21 am
Australian dollar managed to pare earlier losses and traded little changed against its US rival on Wednesday before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day and HSBC Holdings Plc announces the preliminary value of its manufacturing PMI for China on Thursday. AUD/USD fell to […]
Read moreFebruary 18, 2014 2:21 pm
The euro advanced to the strongest level in six weeks against the US dollar, after a report revealed today that the New York Federal Reserve’s index of manufacturing conditions declined more sharply than expected in February, adding to speculations the Federal Reserve may slow the pace of tapering stimulus as the US economy seems to […]
Read moreFebruary 18, 2014 11:10 am
The pound retreated from more than a four-year high against the US dollar, after a report revealed the UK annual inflation rate unexpectedly fall below Bank of Englands target in January for the first time since November 2009. GBP/USD hit a session high at 1.6742 at 06:05 GMT, after which the pair erased daily gains […]
Read moreFebruary 18, 2014 9:07 am
The yen declined a second day to the weakest in more than two weeks against the US dollar, after Bank of Japan boosted lending programs and announced it will continue easing monetary policy until the inflation target of 2% is reached. USD/JPY hit a session high at 102.75 at 05:15 GMT, after which consolidation followed […]
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