February 21, 2014 10:35 am
The pound advanced against the US dollar, but gains were limited, after data revealed UK retail sales expanded at a slower-than-expected pace in January. GBP/USD hit a session high at 1.6688 at 09:47 GMT, after which consolidation followed at 1.6670, adding 0.11% for the day. Support was likely to be received at February 13th low, […]
Read moreFebruary 21, 2014 8:15 am
The yen fell against the US dollar, after trading little changed in the last two days, on expectations Japans economy may slow down in 2014, due to an unprecedented trade deficit and an April sales-tax increase, which could undermine BoJ efforts for sustainable recovery. USD/JPY touched a session high at 102.61 at 05:15 GMT, after […]
Read moreFebruary 21, 2014 8:03 am
Australian dollar lost ground against its US counterpart on trading Friday and was set to register its first weekly drop in four weeks, after prices of iron ore, Australias largest export, fell. AUD/USD touched a session low at 0.8982 at 6:30 GMT, after which consolidation followed at 0.8980, losing 0.18% for the day. The pair […]
Read moreFebruary 20, 2014 2:51 pm
The loonie, as the Canadian dollar is best known, declined to a two-week low against its US counterpart, after a report revealed the manufacturing activity in the US accelerated at the fastest pace since May 2010 last month, easing concerns over the US economic outlook. USD/CAD hit a two-week high at 1.1093 at 13:40 GMT, […]
Read moreFebruary 20, 2014 10:36 am
The euro retreated from the strongest level in seven weeks against the US dollar, after preliminary data showed indexes of manufacturing and services were weaker than expected in February, fueling speculation the euro zone recovery may loose momentum. EUR/USD hit a session low at 1.3686 at 08:25 GMT, after which consolidation followed at 1.3697, losing […]
Read moreFebruary 20, 2014 9:22 am
The yen advanced against the US dollar on Thursday, after Asian equities plunged following a report that showed manufacturing activity in world’s second largest economy slowed down in February, boosting demand for haven assets. USD/JPY touched a session low at 101.67 at 08:18 GMT, after which consolidation followed at 101.79, losing 0.51% for the day. […]
Read moreFebruary 20, 2014 8:23 am
Australian dollar fell against its US counterpart on trading Thursday, after a report showed manufacturing activity in worlds second largest economy slowed down in February, which dampened demand for high-yielding assets. AUD/USD fell to a session low at 0.8937 at 4:10 GMT, after which consolidation followed at 0.8955, losing 0.52% for the day. Support was […]
Read moreFebruary 19, 2014 3:21 pm
The loonie, as the Canadian dollar is best known, fell to the lowest level in a week against its US counterpart, as Canadian wholesale sales plunged to a 6-month low, fueling speculation the recent severe weather may have slowed the nations economic growth. USD/CAD hit a session high at 1.1040 at 15:17 GMT, after which […]
Read moreFebruary 19, 2014 12:37 pm
The pound extended yesterdays losses to further distance from a 4-year high, after data revealed the UK unemployment rate unexpectedly rose in the three months through December, easing concerns BoE may raise interest rates sooner-than-projected. GBP/USD hit a session low at 1.6637 at 12:24 GMT, after which consolidation followed at 1.6646, losing 0.23% for the […]
Read moreFebruary 19, 2014 9:06 am
The euro rose to a seven-week high against the US dollar before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day amid speculation Fed officials may not back further stimulus cuts as the US economic recovery seems to lose momentum. EUR/USD touched a seven-week-high at 1.3774 […]
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