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The kiwi advances against the greenback after a survey by the RBNZ, Fed speculation

November 19, 2013 9:04 am
The New Zealand dollar advanced against its US counterpart, after the Reserve Bank of New Zealand (RBNZ) revised downwards its inflationary expectations for the fourth quarter . This seems to have had a limited impact on the NZD/USD cross, as sentiment was still under the influence of Fed Chair-nominee Janet Yellens statement last week. NZD/USD […] Read more

USD/INR retreats on RBI Governor’s comments

November 18, 2013 3:04 pm
The U.S. dollar depreciated substantially against the Indian rupee in connection with the announcement of the governor of the Reserve Bank of India(RBI), made on 15-th of November. This is the third consecutive day of trading in which the Indian rupee is advancing against the dollar, after the governor of the Indian Reserve Bank announced […] Read more

USD/CAD on over one-week lows due to Chinese economic reforms

November 18, 2013 2:07 pm
US dollar reached its lowest point in more than one week against the loonie, as Canadas commodity export outlook improved due to Chinese package of economic reforms. USD/CAD slipped to a session low at 1.0416 at 13:35 GMT, also the pairs lowest point since November 7th, after which consolidation followed at 1.0419, still down 0.18% […] Read more

EUR/USD trades little changed after EZ current account data

November 18, 2013 1:08 pm
The euro traded slightly changed and in proximity to over one-week highs against the US dollar on Monday, after Euro zones current account produced a lesser than projected surplus in September, while markets awaited the release of the minutes of Federal Reserve Banks most recent meeting on policy. EUR/USD rose to a session high at […] Read more

GBP/USD trades steadily after home prices in UK drop

November 18, 2013 9:51 am
British pound traded little changed against the US dollar on Monday, after a report the property-website operator Rightmove Plc. showed that home prices in the United Kingdom decreased in November. GBP/USD climbed to a session high at 1.6143 at 6:20 GMT, also the pairs highest point since October 29th, after which consolidation followed at 1.6134, […] Read more

AUD/USD advances as China embarks on economic reforms

November 18, 2013 8:05 am
Australian dollar traded on positive territory against its US counterpart on Monday, after China unveiled the largest economic reforms since the 1990s, which underscored a positive outlook for Australian exports towards worlds second largest economy. AUD/USD climbed to a session high at 0.9414 at 8:20 GMT, after which consolidation followed at 0.9404, rising 0.35% for […] Read more

Outlook for USD/JPY cross during the upcoming week

November 17, 2013 1:24 pm
USD/JPY preserved ground above the 100.00 level on Friday, despite the weak industrial data, released out of the United States, but however, demand for safe haven yen remained under pressure due to expectations that the Federal Reserve will maintain the current monthly pace of its stimulus program probably until early next year. Having reached two-month […] Read more

USD/CAD falls to session lows after US manufacturing, industrial production reports

November 15, 2013 2:50 pm
US dollar fell to daily lows against its Canadian counterpart on Friday, as the New York index of manufacturing plunged into negative territory this month and US industrial production contracted in October, while the loonie received a boost after Federal Reserve Chair-nominee Janet Yellen indicated that monetary stimulus will remain in place until signs of […] Read more