December 5, 2013 3:10 pm
The euro advanced the most in 5 weeks against the US dollar on ECB Governor Mario Draghi comments, made after the policy meeting of the bank. EUR/USD hit a session high at 1.3668 at 15:02 GMT, the highest in more than a month, after which consolidation followed at 1.3660. Support was likely to be received […]
Read moreDecember 5, 2013 1:30 pm
The pound weakened against the US dollar after Bank of Englands decision to maintain the record low benchmark interest rate and to leave its asset-purchasing program unchanged. GBP/USD reached a session low at 1.6327 at 12:47 GMT, after having risen to a 27-month high on December 2nd. Support was likely to be received at November […]
Read moreDecember 5, 2013 9:30 am
The Japanese yen advanced against the US dollar as equities fell, leading to a boosted demand for the safe haven currencies, such as the Japanese yen. USD/JPY hit a session low at 101.85 at 07:20 GMT, losing 0.5% on a daily basis. At 09:04 GMT the pair traded at 102.06. Support was likely to be […]
Read moreDecember 5, 2013 7:55 am
Australian dollar traded in proximity to lows unseen in three months against its US rival on Thursday, after a report showed that Australias trade balance produced a larger-than-expected deficit in October and ahead of the US GDP report, due out later in the day. AUD/USD fell to a session low at 0.9014 at 0:36 GMT, […]
Read moreDecember 4, 2013 4:11 pm
The loonie, as the Canadian dollar is known declined against its US counterpart, amid better-than-expected US employment data. This reinforced speculations that The Fed will slow its monetary stimulus that tends to weaken the US dollar. USD/CAD touched a session high at 1.0697 at 15:02, the highest since May 27th 2010, The pair gained 0.42% […]
Read moreDecember 4, 2013 1:07 pm
EUR/USD traded little changed on Wednesday after a string of mixed Euro zone economic reports was released earlier in the day. Market players awaited the ECB decision on its benchmark interest rate, due tomorrow, as well as important series of economic data out of the United States. The pair traded at 1.3597 at 13:03 GMT, […]
Read moreDecember 4, 2013 10:49 am
The sterling edged lower against the US dollar, after the Chartered Institute of Purchasing and Supply (CIPS) announced the results of its survey on services sector activity. The results indicated that activity in the service sector expanded at a slower-than-expected pace in November. GBP/USD hit a session low at 1.6329 at 09:28 GMT, after which […]
Read moreDecember 4, 2013 8:09 am
Australian dollar weakened to lows unseen in three months against its US counterpart on Wednesday, as Australias Gross Domestic Product increased at a lesser rate than projected during the third quarter of the year, which added to the case that the Reserve Bank of Australia (RBA) may consider to cut borrowing costs further in order […]
Read moreDecember 3, 2013 2:58 pm
The euro advanced on Tuesday against the US dollar, after the Spanish Ministry of Employment announced an unexpected decline in jobless claims. EUR/USD reached a session high at 1.3593 at 13:44 GMT, gaining 0.38% for the day. The pair was trading at 1.3574 at 14:40 GMT. Support was likely to be met at November 26th […]
Read moreDecember 3, 2013 11:55 am
On Tuesday, the sterling traded close to yesterdays 27-month high against the US dollar, after the UK Chartered Institute of Purchasing and Supply (CIPS) released upbeat Construction PMI data. GBP/USD hit a session high at 1.6437 at 11:47 GMT gaining 0.49% on a daily basis, having reached 1.6442 at 00:25 GMT on Monday, the highest […]
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