March 7, 2014 9:18 am
The euro advanced to the strongest level in more than two-months against the US dollar after yesterday the European Central Bank decided to hold its main interest rate at a record low and announced that inflation is expected to gradually accelerate, easing concerns central banks officials will add monetary stimulus. Having reached a session high […]
Read moreMarch 7, 2014 8:36 am
Australian dollar traded close to highs unseen in three months against its US counterpart on Friday and was poised for a weekly gain, following a series of optimistic economic data, released earlier in the week, while the Reserve Bank of Australia may consider a verbal intervention in order to curb further strength. AUD/USD rose to […]
Read moreMarch 6, 2014 1:49 pm
The euro advanced to the strongest level in more than a week against the US dollar, after the European Central Bank decided to hold its main interest rate at a record low this month as stronger inflation and economic output eased pressure on central banks officials to take action. EUR/USD touched a session high at […]
Read moreMarch 6, 2014 12:48 pm
The pound traded little changed against the US dollar, following Bank of England’s decision to keep its benchmark interest rate and asset purchase facility program unchanged in March. Having reached a session high at 1.6750 at 14:01, GBP/USD trimmed earlier gains to trade little changed at 1.6711 at 12:44 GMT, losing 0.06% for the day. […]
Read moreMarch 6, 2014 8:33 am
The yen declined to a two-week low against the US dollar after a Japans government advisory panel reported there was no need for the worlds largest Government Pension Investment Fund (GPIF) to continue focusing only on domestic bonds, citing accelerating inflation. USD/JPY hit a session high at 102.81 at 08:07 GMT, after which consolidation followed […]
Read moreMarch 6, 2014 8:08 am
Australian dollar gained ground against its US rival on trading Thursday, after data showed Australias retail sales rose at a pace three times faster than projected, while the surplus on nations trade balance widened the most in 2.5 years. AUD/USD climbed to a session high at 0.9034 at 0:32 GMT, which has been the pairs […]
Read moreMarch 5, 2014 3:59 pm
The loonie, as the Canadian dollar is best known, advanced to the strongest level in two weeks against its US counterpart, after BoC decided to maintain its interest rate, citing economic growth and inflation that “continue to strengthen gradually”. Meanwhile, companies operating in the US private sector added fewer-than-expected jobs in February, while activity in […]
Read moreMarch 5, 2014 12:49 pm
The euro edged slightly lower against the US dollar, despite euro area services activity accelerated at a faster-than-expected-pace in February, amid speculation ECBs officials may have to ease monetary policy at their meeting tomorrow, in order to counter weak price pressure. Having reached a session high at 1.3745 at 09:00 GMT, the pair erased daily […]
Read moreMarch 5, 2014 10:31 am
The pound traded little changed against the US dollar before Bank of England officials start a two-day meeting today and after data revealed the UK services sector expanded at a faster-than-expected pace last month. GBP/USD touched a session high at 1.6694 at 09:09 GMT, after which the pair trimmed daily gains to trade little changed […]
Read moreMarch 5, 2014 8:00 am
Australian dollar trimmed its earlier advance against the US counterpart on trading Wednesday, while an official report revealed Australian economy expanded at a faster than anticipated pace during the final quarter of 2013. Having touched a daily high at 0.8997 at 0:34 GMT, also the highest point since February 26th, AUD/USD was trading at 0.8967 […]
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