January 23, 2014 2:55 pm
The UK pound advanced to the strongest level since August 2011 against the US dollar, as the UK economic recovery increased bets BoE would have to increase interest rates sooner than initially estimated. GBP/USD hit a 29-month high at 1.6617 at 08:55 GMT, after which the pair traded at 1.6602 by 14:47 GMT, adding 0.17% […]
Read moreJanuary 23, 2014 12:59 pm
The euro surged the most in three months against the US dollar after PMI data boosted optimism that the economic growth in the euro area is gaining momentum. EUR/USD advanced 0.75% to trade at 1.3646 at 09:55 GMT, the biggest daily increase since October 22nd, after which consolidation followed at 1.3635. Support was likely to […]
Read moreJanuary 23, 2014 9:18 am
The loonie, as the Canadian dollar is best known, declined to the weakest level in 4-1/2 years against its US counterpart, following BoCs statement that the currency is still strong enough, being a competitive challenge for Canadian exports. USD/CAD reached a 4-1/2-year high at 1.1174 at 09:00 GMT, after which consolidation followed at 1.1159, adding […]
Read moreJanuary 23, 2014 8:01 am
Australian dollar retreated against its US counterpart on Thursday, following a report which showed the preliminary reading of manufacturing Purchasing Managers Index (PMI) for China fell below the key level of 50.0 in January, separating contraction from expansion. AUD/USD fell to a session low at 0.8788 at 4:00 GMT, after which consolidation followed at 0.8802, […]
Read moreJanuary 22, 2014 2:42 pm
The Swiss franc traded little changed against the US dollar, after data showed the Swiss economic sentiment decreased this month, but remained close to Decembers 3-1/2-year high. Having reached a session low at 0.9090 at 13:50 GMT, USD/CHF erased daily declines to trade little changed at 0.9107 at 14:34 GMT, adding 0.05% for the day. […]
Read moreJanuary 22, 2014 10:42 am
The pound advanced to a three-week high against the US dollar, after data showed the UK rate of unemployment declined to 4-1/2 year low in the three months to November. GBP/USD hit a session high at 1.6551 at 10:17 GMT, after which consolidation followed at 1.6534, adding 0.35% for the day. Support was likely to […]
Read moreJanuary 22, 2014 9:58 am
The yen traded little changed against the US dollar after two days of advances as Bank of Japans policy makers kept monetary policy steady. Having hit a session low at 103.97 at 03:45 GMT, USD/JPY erased earlier declines to trade little changed at 104.30 at 09:50 GMT, adding 0.01% for the day. Support was likely […]
Read moreJanuary 22, 2014 9:46 am
Australian dollar advanced against its US dollar on trading Wednesday, following a report, which revealed Australian consumer price inflation surpassed expectations during the final quarter of 2013, implying a lower chance of an interest rate cut in the future. AUD/USD climbed to a daily high at 0.8886 at 7:45 GMT, after which consolidation followed at […]
Read moreJanuary 21, 2014 2:07 pm
The loonie, as the Canadian dollar is best known, plunged to lows unseen in more than 4 years, on diverging monetary policies by the Federal Reserve and Bank of Canada. Having hit the strongest level since September 2009 at 1.1019 at 09:50 GMT, USD/CAD traded at 1.0985 at 13:54 GMT, gaining 0.33% for the day. […]
Read moreJanuary 21, 2014 12:51 pm
The pound traded little changed against the US dollar, after the Confederation of British Industry (CBI) released mixed data on UK factory orders in January. Having hit a session high at 1.6452 at 10:10 GMT, GBP/USD traded little changed at 1.6429 at 12:49 GMT, adding 0.01% on a daily basis. Support was likely to be […]
Read more