February 25, 2014 12:56 pm
The pound advanced for a second day against the US dollar, after industry data revealed mortgage approvals in the UK rose to a six-year high, while at the same time UK retail sale volumes hit the strongest level in 1-1/2 years, adding to evidence the recovery is gaining traction. GBP/USD touched a session high at […]
Read moreFebruary 25, 2014 9:16 am
The euro advanced against the US dollar on Tuesday, after data revealed the largest euro zone economy, Germany, expanded in the fourth quarter at the fastest annualized pace since the three months through March 2012. However, gains were limited as annual inflation in the euro zone remained under 1% for a fourth month and after […]
Read moreFebruary 25, 2014 8:12 am
Having touched daily highs due to increased demand for high-yielding assets earlier on Tuesday, Australian dollar gave back its advance against the US rival during the early phase of European session. AUD/USD touched a daily high at 0.9044 at 1:21 GMT, after which consolidation followed at 0.9023, losing 0.13% for the day. Support was likely […]
Read moreFebruary 24, 2014 2:43 pm
The yen advanced against the US dollar on trading Monday after Chinese stocks led drops in Asian shares, boosting demand for the Japanese currency as a safe-haven. USD/JPY hit a session low at 102.17 at 04:15 GMT, after which consolidation followed at 102.41, losing 0.1% for the day. Support was likely to be received at […]
Read moreFebruary 24, 2014 12:55 pm
The euro trimmed daily gains against the US dollar on Monday to trade little changed, as annual inflation in the euro zone remained under 1% for a fourth month and after the European Central Bank President Mario Draghi reiterated that the central bank is ready to ease monetary policy as early as next month if […]
Read moreFebruary 24, 2014 10:30 am
The sterling snapped a five-day drop against the US dollar on Monday, after Mark Carney, Governor of Bank of England pledged the central bank will help the UK economy in its struggle to recover. GBP/USD hit a session high at 1.6679 at 10:00 GMT, after which consolidation followed at 1.6661, adding 0.28% for the day. […]
Read moreFebruary 24, 2014 7:50 am
Australian dollar traded slightly lower against its US counterpart on Monday, following its first weekly loss in four weeks, after prices of iron ore, Australias largest export, decreased last week. At the same time, prices of new homes in China, Australias largest export market, curbed their rate of increase in January. AUD/USD touched a session […]
Read moreFebruary 23, 2014 11:09 am
The euro erased daily losses against the US dollar on Friday to register a third weekly advance, after data revealed that the number of existing homes sold in the US fell to an 18-month low in January, which added to concerns that the severe weather conditions may have slowed the growth of the US economy. […]
Read moreFebruary 22, 2014 3:55 pm
Australian dollar extended daily losses against its US counterpart on trading Friday and registered a weekly loss for the first time in four weeks, after prices of iron ore, Australia’s largest export, dropped. Having fallen to a daily low at 0.8952 at 14:20 GMT, AUD/USD closed at 0.8978 on Friday, losing 0.31% for the day, […]
Read moreFebruary 21, 2014 2:47 pm
The loonie, as the Canadian dollar is best known, declined to the weakest level in three weeks against its US counterpart, after data revealed Canadian retail sales declined the most in a year in December. USD/CAD touched a session high at 1.1196 at 13:30 GMT, after which consolidation followed at 1.1151, adding 0.46% for the […]
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