January 24, 2014 2:39 pm
The loonie, as the Canadian dollar is best known, eased off 4-1/2-year lows against its US counterpart, after data showed Canadian inflation gained traction in December. Having reached a session high at 1.1138 at 07:30 GMT, USD/CAD erased daily advances to trade at 1.1082 at 14:32 GMT, losing 0.16% on a daily basis. Support was […]
Read moreJanuary 24, 2014 12:11 pm
The euro advanced to the strongest level in three weeks against the US dollar, as it remained supported by Thursdays upbeat euro zone data, which showed the economic recovery in the euro area is gaining traction. Having reached a session high at 1.3738 at 11:38 GMT, EUR/USD traded at 1.3717 at 12:03 GMT, adding 0.15% […]
Read moreJanuary 24, 2014 10:35 am
The pound traded little changed against the US dollar, after hitting the strongest level since May 2011 as a report by the British Bankers Association (BBA) showed UK mortgage approvals increased to a six-year high in December. Having hit a 2-1/2-year high at 1.6668 at 08:10 GMT, GBP/USD traded little changed at 1.6629 at 10:27 […]
Read moreJanuary 24, 2014 8:25 am
Australian dollar fell below 87 U.S. cents for the first time since July 2010, after according to the Wall Street Journal, Reserve Bank of Australia (RBA) board member Heather Ridout said an exchange rate for the Aussie around 80 U.S. cents would be a fair deal for everybody, including export and import-oriented companies. At the […]
Read moreJanuary 23, 2014 2:55 pm
The UK pound advanced to the strongest level since August 2011 against the US dollar, as the UK economic recovery increased bets BoE would have to increase interest rates sooner than initially estimated. GBP/USD hit a 29-month high at 1.6617 at 08:55 GMT, after which the pair traded at 1.6602 by 14:47 GMT, adding 0.17% […]
Read moreJanuary 23, 2014 12:59 pm
The euro surged the most in three months against the US dollar after PMI data boosted optimism that the economic growth in the euro area is gaining momentum. EUR/USD advanced 0.75% to trade at 1.3646 at 09:55 GMT, the biggest daily increase since October 22nd, after which consolidation followed at 1.3635. Support was likely to […]
Read moreJanuary 23, 2014 9:18 am
The loonie, as the Canadian dollar is best known, declined to the weakest level in 4-1/2 years against its US counterpart, following BoCs statement that the currency is still strong enough, being a competitive challenge for Canadian exports. USD/CAD reached a 4-1/2-year high at 1.1174 at 09:00 GMT, after which consolidation followed at 1.1159, adding […]
Read moreJanuary 23, 2014 8:01 am
Australian dollar retreated against its US counterpart on Thursday, following a report which showed the preliminary reading of manufacturing Purchasing Managers Index (PMI) for China fell below the key level of 50.0 in January, separating contraction from expansion. AUD/USD fell to a session low at 0.8788 at 4:00 GMT, after which consolidation followed at 0.8802, […]
Read moreJanuary 22, 2014 2:42 pm
The Swiss franc traded little changed against the US dollar, after data showed the Swiss economic sentiment decreased this month, but remained close to Decembers 3-1/2-year high. Having reached a session low at 0.9090 at 13:50 GMT, USD/CHF erased daily declines to trade little changed at 0.9107 at 14:34 GMT, adding 0.05% for the day. […]
Read moreJanuary 22, 2014 10:42 am
The pound advanced to a three-week high against the US dollar, after data showed the UK rate of unemployment declined to 4-1/2 year low in the three months to November. GBP/USD hit a session high at 1.6551 at 10:17 GMT, after which consolidation followed at 1.6534, adding 0.35% for the day. Support was likely to […]
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