January 27, 2014 10:24 am
The yen retreated from 7-week highs against the US dollar as data showed the Japanese trade deficit widened to a record in 2013. USD/JPY hit a session high at 102.77 at 08:00 GMT, after which consolidation followed at 102.50. adding 0.15% on a daily basis. Support was likely to be received at January 24th low, […]
Read moreJanuary 27, 2014 9:46 am
The euro traded in proximity to three-week highs against the US dollar, following data that revealed the business confidence in the largest euro zone economy, Germany, rose to a 30-month high. EUR/USD touched a session high at 1.3717 at 09:20 GMT, after which consolidation followed at 1.3700, adding 0.17% for the day. Support was likely […]
Read moreJanuary 27, 2014 9:09 am
Australian dollar distanced from lows unseen in 3.5 years against its US rival on Monday, following the large-scaled sell-off in emerging market shares and currencies on Friday. AUD/USD touched a daily high at 0.8737 at 7:10 GMT, after which consolidation followed at 0.8716, still gaining 0.37% for the day. Support was likely to be received […]
Read moreJanuary 26, 2014 12:55 pm
US dollar slumped to lows unseen in three weeks against the Swiss franc on Friday, as demand for safe haven franc received a boost due to deepening selloff in emerging-market currencies. Having fallen to its lowest point since December 31st at 0.8904 at 11:30 GMT on Friday, USD/CHF ended the week at 0.8944, losing 0.32% […]
Read moreJanuary 25, 2014 4:25 pm
Australian dollar continued to lose ground against its US counterpart during the late phase of US trade on Friday, after Reserve Bank of Australia (RBA) board member Heather Ridout said an exchange rate for the Aussie around 80 U.S. cents would be a fair deal for everybody, including export and import-oriented companies. At the same […]
Read moreJanuary 25, 2014 4:02 pm
The euro advanced to a three-week high against the US dollar on Friday, as it remained supported by Thursday’s upbeat euro zone data, which showed the economic recovery in the euro area is gaining traction. Comments by the ECB President Mario Draghi at the World Economic Forum in Davos, Switzerland also supported the view that […]
Read moreJanuary 24, 2014 2:39 pm
The loonie, as the Canadian dollar is best known, eased off 4-1/2-year lows against its US counterpart, after data showed Canadian inflation gained traction in December. Having reached a session high at 1.1138 at 07:30 GMT, USD/CAD erased daily advances to trade at 1.1082 at 14:32 GMT, losing 0.16% on a daily basis. Support was […]
Read moreJanuary 24, 2014 12:11 pm
The euro advanced to the strongest level in three weeks against the US dollar, as it remained supported by Thursdays upbeat euro zone data, which showed the economic recovery in the euro area is gaining traction. Having reached a session high at 1.3738 at 11:38 GMT, EUR/USD traded at 1.3717 at 12:03 GMT, adding 0.15% […]
Read moreJanuary 24, 2014 10:35 am
The pound traded little changed against the US dollar, after hitting the strongest level since May 2011 as a report by the British Bankers Association (BBA) showed UK mortgage approvals increased to a six-year high in December. Having hit a 2-1/2-year high at 1.6668 at 08:10 GMT, GBP/USD traded little changed at 1.6629 at 10:27 […]
Read moreJanuary 24, 2014 8:25 am
Australian dollar fell below 87 U.S. cents for the first time since July 2010, after according to the Wall Street Journal, Reserve Bank of Australia (RBA) board member Heather Ridout said an exchange rate for the Aussie around 80 U.S. cents would be a fair deal for everybody, including export and import-oriented companies. At the […]
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