February 19, 2014 8:21 am
Australian dollar managed to pare earlier losses and traded little changed against its US rival on Wednesday before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day and HSBC Holdings Plc announces the preliminary value of its manufacturing PMI for China on Thursday. AUD/USD fell to […]
Read moreFebruary 18, 2014 2:21 pm
The euro advanced to the strongest level in six weeks against the US dollar, after a report revealed today that the New York Federal Reserve’s index of manufacturing conditions declined more sharply than expected in February, adding to speculations the Federal Reserve may slow the pace of tapering stimulus as the US economy seems to […]
Read moreFebruary 18, 2014 11:10 am
The pound retreated from more than a four-year high against the US dollar, after a report revealed the UK annual inflation rate unexpectedly fall below Bank of Englands target in January for the first time since November 2009. GBP/USD hit a session high at 1.6742 at 06:05 GMT, after which the pair erased daily gains […]
Read moreFebruary 18, 2014 9:07 am
The yen declined a second day to the weakest in more than two weeks against the US dollar, after Bank of Japan boosted lending programs and announced it will continue easing monetary policy until the inflation target of 2% is reached. USD/JPY hit a session high at 102.75 at 05:15 GMT, after which consolidation followed […]
Read moreFebruary 18, 2014 8:20 am
Australian dollar climbed to fresh one-month highs against its US counterpart on trading Tuesday, following the release of the minutes of Reserve Bank of Australias (RBA) most recent policy meeting, which showed further signs that accommodative policy and weak national currency have led to positive economic effects. AUD/USD touched a daily high at 0.9081 at […]
Read moreFebruary 17, 2014 2:25 pm
The euro traded little changed against the US dollar on Monday, after the signal of the ECB President Mario Draghi that he may act to counter low inflation as soon as next month, divided analysts as the euro zone economy showed signs of strengthening. EUR/USD hit a session high at 1.3724 at 01:45 GMT, after […]
Read moreFebruary 17, 2014 10:36 am
The yen snapped three days of advances against the US dollar, following a report that showed Japans economy grew less than analysts predicted, fueling speculation Bank of Japan may boost its stimulus program, weakening the nations currency further. USD/JPY hit a session high at 101.99 at 08:15 GMT, after which consolidation followed at 101.93, adding […]
Read moreFebruary 17, 2014 9:24 am
The pound soared to the strongest level in more than four years against the US dollar, after a report revealed house prices in the UK rose the most since 2007, adding to signs the economy is gaining traction. GBP/USD touched a session high at 1.6823 at 02:00 GMT, also the pairs strongest since November 2009, […]
Read moreFebruary 17, 2014 8:10 am
Australian dollar rose to highs unseen in one month against its US rival on Monday, after a report showed Chinese new credit expanded to a record in January, which bolstered the outlook over worlds second largest economy, while China is Australias largest export market. AUD/USD climbed to a daily high at 0.9069 at 1:30 GMT, […]
Read moreFebruary 16, 2014 8:11 am
The euro advanced to the strongest level in almost three weeks against the US dollar on Friday, after better-than-expected euro zone growth rates boosted demand for the 18-nation common currency, while at the same time overall downbeat US data dampened the greenbacks appeal. EUR/USD touched a session high at 1.3715 at 12:00 GMT, after which […]
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