February 7, 2014 10:14 am
The pound advanced against the US dollar on Friday, as a government report revealed the UK trade deficit unexpectedly narrowed to the lowest level in almost 1-1/2 years. GBP/USD hit a session low at 1.6303, after which the pair advanced 0.08% to trade at 1.6336 at 10:10 GMT. Support was likely to be received at […]
Read moreFebruary 7, 2014 8:12 am
Australian dollar fell against its US rival on trading Friday, as markets expect the Federal Reserve Bank to continue scaling back its monetary stimulus and ahead of the keenly anticipated non-farm payrolls report, which may show that job gain accelerated in January. AUD/USD slid to a session low at 0.8922 at 1:17 GMT, after which […]
Read moreFebruary 6, 2014 2:56 pm
The euro advanced to one-week highs against the US dollar on Thursday, following Mario Draghis comments that the euro zone will not experience deflation, after the European Central Bank (ECB) decided to maintain its benchmark interest rate at the current record low level. EUR/USD hit a one-week high at 1.3619 at 14:15 GMT, after which […]
Read moreFebruary 6, 2014 1:22 pm
The pound preserved daily losses against the US dollar on Thursday, following Bank of Englands decision to keep its benchmark interest rate and asset purchase facility program unchanged in February. GBP/USD was losing 0.16% on a daily basis to trade at 1.6284 at 13:18 GMT. It touched a daily low at 1.6273 at 11:50 GMT. […]
Read moreFebruary 6, 2014 9:30 am
The yen traded little changed against the US dollar, as lower US company employment levels were offset by higher-than-anticipated growth in the services sector. USD/JPY hit 2-1/2 month lows on Tuesday amid a slump in emerging markets. USD/JPY hit a session low at 101.33 at 08:31 GMT, after which consolidation followed at 101.43, losing 0.02%. […]
Read moreFebruary 6, 2014 8:02 am
Australian dollar rose to highs unseen in three weeks against its US counterpart on trading Thursday, following a report to show Australia recorded an unexpected surplus on its trade balance in December. AUD/USD climbed to a daily high at 0.8980 at 0:58 GMT, also the pairs highest point since January 14th, after which consolidation followed […]
Read moreFebruary 5, 2014 2:26 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart, after a government report revealed the number of Canadian building permits sharply fell in December. USD/CAD hit a one-week low at 1.1038 at 13:22 GMT, after which the pair erased earlier declines to trade at 1.1098 at 14:25 GMT, adding 0.15% […]
Read moreFebruary 5, 2014 12:59 pm
The euro traded little changed against the US dollar, as expansion of the euro area private sector was offset by declining retail sales in December. EUR/USD hit a session high at 1.3529 at 09:40 GMT, after which the pair consolidated at 1.3522 to trade little changed. Support was likely to be received at February 4th […]
Read moreFebruary 5, 2014 10:12 am
The pound declined towards a seven-week low against the US dollar, as data showed the activity in the UK services sector expanded at a slower-than-expected pace in January. GBP/USD hit a session low at 09:57 GMT, after which consolidation followed at 1.6274, losing 0.31% for the day. Support was likely to be received at February […]
Read moreFebruary 5, 2014 8:01 am
Australian dollar lost ground against its US counterpart on trading Wednesday, after marking its most considerable daily advance since June yesterday, ahead of Reserve Bank of Australias quarterly policy statement, scheduled to be released on Friday. AUD/USD slipped to a session low at 0.8874 at 3:45 GMT, after which consolidation followed at 0.8892, falling 0.22% […]
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