December 15, 2013 3:47 pm
The greenback advanced to the strongest level in five years against the yen on Friday amid speculations for Fed tapering as early as next week. Having hit a session high at 103.92 at 05:15 GMT, the strongest level since October 2008, USD/JPY closed at 103.22 on Friday, losing 0.15% on a daily basis. However, USD/JPY […]
Read moreDecember 15, 2013 2:56 pm
US dollar traded steadily and in proximity to two-year lows against the Swiss franc on Friday, as expectations were boosted that a small reduction of scale of Federal Reserves monetary stimulus might be introduced at the upcoming policy meeting of the bank. USD/CHF fell to a session low at 0.8882 at 8:33 GMT on Friday, […]
Read moreDecember 14, 2013 3:00 pm
The euro edged lower on Friday, but marked a fifth consecutive week of advances against the US dollar, after a mixed string of data coming from the US and the Euro zone. Investors weighed the chances of a Fed tapering in the upcoming week. Having hit a session high at 1.3769 at 08:30 GMT on […]
Read moreDecember 14, 2013 9:07 am
The loonie, as the Canadian dollar is known, snapped three weeks of declines against its US counterpart, as investors weighed BoC’s decision to maintain interest rates for “quite some time”, in contrast with the Fed’s decision to let borrowing costs rise by cutting its bond-purchasing program “in the coming months”. USD/CAD reached a daily high […]
Read moreDecember 13, 2013 3:32 pm
The euro declined against the US dollar, following overall upbeat US data that may prompt the Fed to taper as early as next week. EUR/USD traded at 1.3734 at 15:30 GMT,losing 0.15% for the day. Support was likely to be received at December 9th low, 1.3695, while resistance was to be encountered at December 12th […]
Read moreDecember 13, 2013 12:46 pm
The Swiss franc advanced on Friday against the greenback, after a report by the Swiss Federal Statistical Office revealed better-than expected PPI in November. USD/CHF traded at 0.8911 at 12:44 GMT, gaining 0.21% on a daily basis. On December 11th the pair touched the lowest level since November 4th 2011. Support was likely to be […]
Read moreDecember 13, 2013 8:50 am
The yen weakened against the US dollar to the lowest level in five years, as the difference in yield between US Treasuries and Japanese bonds widened the most since April 2011. Having touched the highest level since October 2008 on Thursday, USD/JPY traded at 103.58 at 08:33 GMT, gaining 0.2% for the day. The pair […]
Read moreDecember 13, 2013 8:15 am
Australian dollar traded little changed against its US counterpart on Friday and was set for the longest streak of weekly losses since 1985, after Reserve Bank of Australia (RBA) Governor Glenn Stevens indicated that a weaker national currency was preferable over lower interest rates in order to facilitate the accelerated revival of Australias economy. AUD/USD […]
Read moreDecember 12, 2013 2:49 pm
The euro pulled back from six-week highs against the US dollar, as data showed industrial production in the Euro zone contracted in October. Having hit the strongest level in six weeks on Wednesday, EUR/USD traded at 1.3758 by 14:48 GMT, losing 0.2% on a daily basis. Support was likely to be received at December 11th […]
Read moreDecember 12, 2013 10:46 am
The Swiss franc retreated from more than two-year highs against the US dollar, following SNB decision to maintain its benchmark interest rate unchanged. Having hit the weakest level since November 2011 on Wednesday, USD/CHF traded at 0.8876 at 10:43 GMT, gaining 0.14% for the day. Support was likely to be received at December 11th low, […]
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