February 4, 2014 1:50 pm
The yen retreated from the strongest level in 2-1/2 months against the US dollar, as a rally in emerging-market currencies decreased demand for haven assets. USD/JPY hit the lowest level in more than two months at 100.75 at 06:00 GMT, after which the pair traded at 101.42 at 13:44 GMT, adding 0.44% for the day. […]
Read moreFebruary 4, 2014 10:04 am
The pound rebounded from a seven-week low against the US dollar, after a report showed that a gauge of UK construction activity surged to 6-1/2-year high. GBP/USD hit a seven-week low at 1.6258 at 06:10 GMT, after which the pair erased earlier losses to trade at 1.6336 at 10:02 GMT, adding 0.19% for the day. […]
Read moreFebruary 4, 2014 9:11 am
The euro declined against the US dollar, following a report that revealed the number of unemployed people in Spain, significantly increased in January to the highest in almost a year, boosting concerns over the economic outlook of the fourth-largest euro zone economy. EUR/USD hit a session low at 1.3494 at 08:20 GMT, after which consolidation […]
Read moreFebruary 4, 2014 8:11 am
Australian dollar recorded a sharp advance to highs unseen in almost three weeks against its US counterpart on trading Tuesday, following Reserve Bank of Australias (RBA) decision to leave its benchmark interest rate unchanged at the policy meeting conducted today. AUD/USD climbed to a daily high at 0.8914 at 7:20 GMT, also the pairs highest […]
Read moreFebruary 3, 2014 2:26 pm
The loonie, as the Canadian dollar is best known, eased off from 4-1/2-year lows against the US dollar, after a government report revealed the Canadian inflation accelerated in December, which added to the outlook that the Canadian economy is gaining momentum. USD/CAD hit a session low at 11:20 GMT, after which consolidation followed at 1.1062, […]
Read moreFebruary 3, 2014 12:21 pm
The pound declined a fifth day against the US dollar, to touch the lowest level in two weeks, following a report that revealed UK manufacturing expanded at a slower-than-expected pace in January. GBP/USD reached a session low at 1.6324 at 10:55 GMT, after which consolidation followed at 1.6338, losing 0.6% for the day. Support was […]
Read moreFebruary 3, 2014 10:01 am
The euro touched a two-month low against the US dollar, as the weak price pressure in the euro area, boosted speculation that ECB’s policy makers may have to cut interest rates at the upcoming meeting this Thursday. EUR/USD touched the weakest level in two months at 1.3478 at 07:50 GMT, after which it advanced by […]
Read moreFebruary 3, 2014 7:59 am
Australian dollar preserved daily gains against its US counterpart on Monday, after an official report said that manufacturing activity in China, Australias largest export market, increased in January. AUD/USD touched a session high at 0.8772 at 1:15 GMT, after which consolidation followed at 0.8760, gaining 0.09% for the day. Support was likely to be received […]
Read moreFebruary 2, 2014 9:03 am
US dollar traded higher against the Swiss franc on Friday, following a set of overall positive data from the United States, while the Federal Reserve Bank continued with its plans to reduce the scale of monthly monetary stimulus. USD/CHF touched a session high at 0.9080 at 20:00 GMT, or the highest point since January 23rd, […]
Read moreFebruary 1, 2014 4:49 pm
The euro declined to a two-month low against the US dollar on Friday, as euro zone inflation data missed target, while at the same time greenbacks demand was fueled by a set of overall positive data. EUR/USD reached a two-month low at 1.3480 at 15:45 GMT, after which it settled at 1.3489 on Friday, losing […]
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