March 13, 2014 2:12 pm
The loonie, as the Canadian dollar is best known, preserved daily gains against its US counterpart, despite retail sales in the US rose in February for the first time in three months, while initial jobless claims unexpectedly declined last week. However, loonies demand was supported after Statistics Canada reported today that prices of new houses […]
Read moreMarch 13, 2014 9:33 am
The yen rose the highest level in a week against the US dollar after downbeat Chinese industrial-production growth data and worsening tension between Ukraine and Russia, spurred demand for haven assets, including the Japanese currency. USD/JPY hit a session low at 102:42 at 08:29 GMT, after which the pair consolidated at 102.51, losing 0.25% for […]
Read moreMarch 13, 2014 8:30 am
The euro advanced to the strongest level in 2-1/2 years against the US dollar as European Central Bank policy makers signaled support for the 18-nation common currency areas recovery. EUR/USD touched a session high at 1.3956 at 08:00 GMT, after which consolidation followed at 1.3946, adding 0.3% for the day. Support was likely to be […]
Read moreMarch 13, 2014 8:14 am
Australian dollar rose against its US counterpart on trading Thursday, as a report showed the number of job positions, employers in Australia added, climbed over three times more compared to what was initially estimated, while the jobless rate remained steady in February. AUD/USD climbed to a session high at 0.9081 at 4:35 GMT, also the […]
Read moreMarch 12, 2014 2:24 pm
The pound fell to the weakest level in a month versus the US dollar after Bank of England Governor Mark Carney commented yesterday that according to him, there was enough spare capacity in the UK economy, suggesting rates may be put on hold for a prolonged period of time. GBP/USD hit a session low at […]
Read moreMarch 12, 2014 11:02 am
The euro traded little changed against the US dollar on Wednesday, following a report that showed industrial production in the euro zone unexpectedly fell in January, led by a slump in energy output, underlining the fragile recovery of the 18-nation common currency area from a record-long recession. EUR/USD hit a session high at 1.3875 at […]
Read moreMarch 12, 2014 8:50 am
The yen extended yesterdays gains against the US dollar after a gauge of Chinese economic surprises declined to the weakest level in nine months, fueling concern over a slump in the Chinese economy that boosted demand for the Japanese currency as a safe-haven. USD/JPY touched a session low at 102.81 at 07:00 GMT, after which […]
Read moreMarch 12, 2014 8:00 am
Australian dollar retreated against its US counterpart on trading Wednesday, following data, that showed a gauge of consumer confidence in Australia weakened this month, while home lending in the country remained unchanged during January. AUD/USD touched a daily low at 0.8948 at 1:22 GMT, also the pairs lowest level since March 5th, after which consolidation […]
Read moreMarch 11, 2014 1:45 pm
The euro extended a decline from the strongest level since October 2011 against the US dollar, after European Central Bank Vice President Vitor Constancio said market players hadnt fully understood the forward guidance of the central bank. EUR/USD touched a session low at 1.3834 at 11:15 GMT, after which consolidation followed at 1.3853, losing 0.18% […]
Read moreMarch 11, 2014 10:54 am
The pound edged slightly lower against the US dollar on Tuesday, after a report showed UK manufacturing output increased at a faster-than-expected pace in January, but the broader measure of industrial production was hampered by the recent bad weather conditions. Meanwhile, Bank of England Governor Mark Carney said that the main interest rate will gradually […]
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