February 14, 2014 8:07 am
Australian dollar traded higher and was poised for a weekly gain against its US peer on Friday, after a report stated that annualized consumer prices in China, Australias largest export market, rose more than projected in January. AUD/USD touched a daily high at 0.9024 at 1:30 GMT, after which consolidation followed at 0.8990, rising 0.12% […]
Read moreFebruary 13, 2014 2:21 pm
The loonie, as the Canadian dollar is best known, declined against the US dollar, following a report that showed the Canadian housing price index rose less than analysts projected. However, losses were limited after US jobless claims unexpectedly increased last week, while at the same time retail sales declined. USD/CAD hit a session high at […]
Read moreFebruary 13, 2014 12:58 pm
The euro advanced to the strongest level in two weeks against the US dollar as the ECB firmly reiterated its forward guidance in its monthly bulletin, released earlier today. EUR/USD touched a two-week high at 1.3686 at 09:50 GMT, after which consolidation followed at 1.3665, surging 0.53% for the day. Support was likely to be […]
Read moreFebruary 13, 2014 10:25 am
The pound hovered near the strongest level in almost three years against the US dollar, after Bank of England reiterated in its inflation report yesterday that the economy is gaining traction, although the central bank also kept its pledge to maintain the benchmark interest rate at a record low. GBP/USD touched a session high at […]
Read moreFebruary 13, 2014 7:55 am
Australian dollar fell sharply against its US counterpart on trading Thursday, after a report made it clear that the rate of unemployment in Australia rose to highs unseen since 2003, while employers in the country cut job positions in January. AUD/USD hit a session low at 0.8928 at 1:55 GMT, after which consolidation followed at […]
Read moreFebruary 12, 2014 12:57 pm
The pound advanced to the strongest level in two weeks against the US dollar, after Bank of Englands inflation report reiterated the economy is gaining traction, although the central bank also kept its pledge to maintain the benchmark interest rate at a record low. GBP/USD hit a two-week high at 1.6558 at 11:20 GMT, after […]
Read moreFebruary 12, 2014 8:22 am
The yen advanced against the US dollar on Wednesday, after yesterday the new Federal Reserve Chairman Janet Yellen told US lawmakers that monetary policy will remain accommodative, even though the central bank will continue scaling back its stimulus in measured steps. USD/JPY touched a session low at 102.42 at 01:00 GMT, after which consolidation followed […]
Read moreFebruary 12, 2014 8:07 am
Australian dollar managed to recover from an earlier daily loss and rose to fresh one-month highs against its US counterpart on trading Wednesday, after a report revealed Chinese imports and exports came in at considerably higher levels than expected in January. AUD/USD reached a session high at 0.9068 at 6:05 GMT, also the pairs highest […]
Read moreFebruary 11, 2014 3:08 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart after the new Federal Reserve Chairman Janet Yellen, said the Federal Reserve was likely to continue scaling back its monetary stimulus in measured steps. However, she also added that the labor market recovery was still fragile and more work needed to […]
Read moreFebruary 11, 2014 10:11 am
The euro advanced to the strongest level in two weeks against the US dollar on speculation for a dovish testimony by Janet Yellen in her first appearance before Congress as head of the Federal Reserve. EUR/USD hit a session high at 1.3683 at 08:25 GMT, after which the pair traded at 1.3671 at 10:07 GMT, […]
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