February 28, 2014 8:09 am
Australian dollar was slightly changed against its US counterpart on trading Friday, as prospects of maintained stimulus reduction by the Fed led to lower demand for high-yielding currencies, such as the Aussie. AUD/USD reached a daily low at 0.8939 at 4:50 GMT, after which the pair consolidated at 0.8957, down 0.10% for the day and […]
Read moreFebruary 27, 2014 3:06 pm
The loonie, as the Canadian dollar is best known, snapped two days of advances against its US counterpart, following a report that revealed durable goods orders in the US declined less than forecast last month, an evidence US manufacturing was starting to recover after the recent severe winter conditions. USD/CAD touched a session high at […]
Read moreFebruary 27, 2014 11:03 am
The Japanese yen advanced to the strongest level in more than a week against the US dollar as the rising tension in Ukraine and the complicated geopolitical situation on the Crimea peninsula, boosted demand for the Japanese currency as a safe-haven. USD/JPY hit a session low at 101.73 at 10:50 GMT, after which consolidation followed […]
Read moreFebruary 27, 2014 10:11 am
The euro declined to the weakest level in two weeks against the US dollar after it became clear the fourth largest euro zone economy, Spain, grew at a slower than previously estimated pace in the fourth quarter, while loans to the euro zone private sector fell for the 21st straight month, adding to concerns over […]
Read moreFebruary 27, 2014 8:15 am
Australian dollar touched lows unseen in almost three weeks against its US rival on trading Thursday, following a report, which showed private capital expenditures in Australia shrank at the fastest pace in four years in the fourth quarter of 2013. AUD/USD fell to a daily low at 0.8917 at 0:36 GMT, also the pairs lowest […]
Read moreFebruary 26, 2014 3:41 pm
The loonie, as the Canadian dollar is best known, dropped for a second day against its US counterpart, after new home sales in the US rose to a five-yer high, fueling speculation Federal Reserve Chair Janet Yellen will back stimulus taper in her testimony before the Senate tomorrow. USD/CAD touched a session high at 1.1117 […]
Read moreFebruary 26, 2014 10:56 am
The pound advanced for a third day against the US dollar, after revised data showed the UK economy expanded in line with preliminary estimates in the fourth quarter, adding to evidence the UK economy is gaining traction. GBP/USD hit a session high at 1.6701 at 09:30 GMT, after which consolidation followed at 1.6695, adding 0.08% […]
Read moreFebruary 26, 2014 10:43 am
The euro traded little changed against the US dollar, even though the European Commission raised its GDP growth forecast for the euro zone in 2014. EUR/USD touched a session low at 1.3734 at 08:05 GMT, after which the pair traded little changed at 1.3739 at 10:42, losing 0.04% for the day. Support was likely to […]
Read moreFebruary 26, 2014 8:21 am
Australian dollar managed to trim earlier losses against its US counterpart on trading Wednesday, which were due to considerably weaker than projected construction work done in Australia during the final quarter of 2013, while prices of iron ore, Australias largest export, plummeted to seven-month lows on Tuesday. Having slid to a session low at 0.8970 […]
Read moreFebruary 25, 2014 3:20 pm
The loonie, as the Canadian dollar is best known, fell against its US counterpart, despite data showed US consumer confidence decreased this month. However, greenbacks demand was supported after it became clear that US home prices rose in line with analysts expectations, one month after capping the largest advance in almost 8 years. USD/CAD hit […]
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