February 12, 2014 8:22 am
The yen advanced against the US dollar on Wednesday, after yesterday the new Federal Reserve Chairman Janet Yellen told US lawmakers that monetary policy will remain accommodative, even though the central bank will continue scaling back its stimulus in measured steps. USD/JPY touched a session low at 102.42 at 01:00 GMT, after which consolidation followed […]
Read moreFebruary 12, 2014 8:07 am
Australian dollar managed to recover from an earlier daily loss and rose to fresh one-month highs against its US counterpart on trading Wednesday, after a report revealed Chinese imports and exports came in at considerably higher levels than expected in January. AUD/USD reached a session high at 0.9068 at 6:05 GMT, also the pairs highest […]
Read moreFebruary 11, 2014 3:08 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart after the new Federal Reserve Chairman Janet Yellen, said the Federal Reserve was likely to continue scaling back its monetary stimulus in measured steps. However, she also added that the labor market recovery was still fragile and more work needed to […]
Read moreFebruary 11, 2014 10:11 am
The euro advanced to the strongest level in two weeks against the US dollar on speculation for a dovish testimony by Janet Yellen in her first appearance before Congress as head of the Federal Reserve. EUR/USD hit a session high at 1.3683 at 08:25 GMT, after which the pair traded at 1.3671 at 10:07 GMT, […]
Read moreFebruary 11, 2014 9:12 am
The pound advanced to the strongest level in a week against the US dollar, following a report that revealed UK retail sales increased at the fastest pace in 2-1/2 years in January, adding to evidence the UK economic recovery is gaining traction. GBP/USD touched a session high at 1.6434 at 00:45 GMT, after which the […]
Read moreFebruary 11, 2014 7:40 am
Australian dollar rose to highs unseen in almost one month against its US counterpart on trading Tuesday, after official data showed that house prices and business confidence in Australia increased, while the greenback was pressured before Federal Reserve Bank Chairman Janet Yellens statement. AUD/USD touched a session high at 0.9015 at 1:05 GMT, also the […]
Read moreFebruary 10, 2014 2:03 pm
The loonie, as the Canadian dollar is best known, declined against its US counterpart, after a report revealed the Canadian housing starts increased at the slowest pace since May 2013. USD/CAD reached a session high at 1.1052 at 13:44 GMT, after which consolidation followed at 1.1046, adding 0.12% for the day. Support was likely to […]
Read moreFebruary 10, 2014 1:02 pm
The euro traded little changed against the US dollar on Monday, as euro zone data sent mixed signals to market players. While the investor confidence in the euro area reached the strongest level in almost three years, the French and Italian production slowed their pace in December. EUR/USD hit a session high at 1.3651 at […]
Read moreFebruary 10, 2014 10:59 am
The yen advanced against the US dollar on Monday, although the Japanese Ministry of Finance announced a record deficit in the nations current account in December, as Fridays lower-than-expected number of added jobs in the US, continued to pressure dollars demand. USD/JPY hit a session low at 102.07 at 08:10 GMT, after which consolidation followed […]
Read moreFebruary 10, 2014 8:08 am
Australian dollar fell against its US counterpart on Monday ahead of the official report on employment change in Australia, scheduled for release on Thursday, while Toyota Motor Corp. said it intended to terminate its operations in the south-pacific country. AUD/USD touched a session low at 0.8920 at 7:36 GMT, after which consolidation followed at 0.8928, […]
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