February 15, 2014 5:31 pm
Australian dollar extended its daily advance against the US counterpart on trading Friday, following mixed economic data released out of the United States, which showed industrial output shrank in January, while consumer sentiment remained unchanged in mid-February. Having touched fresh daily highs at 0.9044 at 8:46 GMT, AUD/USD closed at 0.9035 on Friday, rising 0.61% […]
Read moreFebruary 14, 2014 2:53 pm
The loonie, as the Canadian dollar is best known, trimmed earlier gains to trade little changed against its US counterpart as economic reports from both countries disappointed. USD/CAD touched a session low at 1.0941, the pairs weakest since January 20, after which USD/CAD trimmed daily gains to trade little changed at 1.0977 at 14:49 GMT, […]
Read moreFebruary 14, 2014 12:35 pm
The euro advanced to the strongest level in almost three weeks against the US dollar, after upbeat German and euro zone preliminary GDP data added to signs the economy of the 18-nation common currency area is gaining momentum. EUR/USD touched a session high at 1.3715 at 12:03 GMT, after which consolidation followed at 1.3712, adding […]
Read moreFebruary 14, 2014 10:33 am
The pound advanced to the strongest level in almost three years against the US dollar, on increased bets Bank of England will not be able to hold down borrowing costs, following this weeks revised forward guidance amid strengthening UK economy. GBP/USD hit a 33-month high at 1.6715 at 08:35 GMT, after which consolidation followed at […]
Read moreFebruary 14, 2014 8:07 am
Australian dollar traded higher and was poised for a weekly gain against its US peer on Friday, after a report stated that annualized consumer prices in China, Australias largest export market, rose more than projected in January. AUD/USD touched a daily high at 0.9024 at 1:30 GMT, after which consolidation followed at 0.8990, rising 0.12% […]
Read moreFebruary 13, 2014 2:21 pm
The loonie, as the Canadian dollar is best known, declined against the US dollar, following a report that showed the Canadian housing price index rose less than analysts projected. However, losses were limited after US jobless claims unexpectedly increased last week, while at the same time retail sales declined. USD/CAD hit a session high at […]
Read moreFebruary 13, 2014 12:58 pm
The euro advanced to the strongest level in two weeks against the US dollar as the ECB firmly reiterated its forward guidance in its monthly bulletin, released earlier today. EUR/USD touched a two-week high at 1.3686 at 09:50 GMT, after which consolidation followed at 1.3665, surging 0.53% for the day. Support was likely to be […]
Read moreFebruary 13, 2014 10:25 am
The pound hovered near the strongest level in almost three years against the US dollar, after Bank of England reiterated in its inflation report yesterday that the economy is gaining traction, although the central bank also kept its pledge to maintain the benchmark interest rate at a record low. GBP/USD touched a session high at […]
Read moreFebruary 13, 2014 7:55 am
Australian dollar fell sharply against its US counterpart on trading Thursday, after a report made it clear that the rate of unemployment in Australia rose to highs unseen since 2003, while employers in the country cut job positions in January. AUD/USD hit a session low at 0.8928 at 1:55 GMT, after which consolidation followed at […]
Read moreFebruary 12, 2014 12:57 pm
The pound advanced to the strongest level in two weeks against the US dollar, after Bank of Englands inflation report reiterated the economy is gaining traction, although the central bank also kept its pledge to maintain the benchmark interest rate at a record low. GBP/USD hit a two-week high at 1.6558 at 11:20 GMT, after […]
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