January 2, 2014 12:15 pm
The sterling declined against the US dollar on Thursday, after a report showed the UK manufacturing activity declined in December. Having reached a session high at 1.6604 at 05:55 GMT, the pairs highest since August 2011, GBP/USD traded at 1.6510 at 12:12 GMT, losing 0.29% for the day. Support was likely to be received at […]
Read moreJanuary 2, 2014 9:57 am
The euro declined against the US dollar during the first trading session of 2014 on speculation that the Fed might taper its stimulus program further. Meanwhile, reports revealed that the manufacturing activity in the euro zone improved in December. Having reached a session low at 1.3716 at 08:10 GMT, EUR/USD traded at 1.3738 at 09:54 […]
Read moreJanuary 2, 2014 7:56 am
Australian dollar traded lower against its US counterpart on Thursday, after a report showed that the final reading of HSBC manufacturing PMI for China was unchanged from the preliminary value in December. AUD/USD touched a session low at 0.8908 at 7:08 GMT, after which consolidation followed at 0.8913, down 0.19% for the day after a […]
Read moreDecember 31, 2013 2:02 pm
Australian dollar preserved its daily gain against the US counterpart on Tuesday, trimming the largest annual drop since 2008, and following the release of some decent data regarding private sector credit in Australia. AUD/USD reached a session high at 0.8949 at 5:00 GMT, after which consolidation followed at 0.8932, gaining 0.30% for the day. Support […]
Read moreDecember 30, 2013 10:37 am
British pound traded little changed in proximity to highs unseen in 28 months against the US dollar on Monday, after a report showed that house prices in the United Kingdom rose for an eleventh consecutive month in December. GBP/USD touched a daily high at 1.6500 at 8:20 GMT, also the pairs highest point since August […]
Read moreDecember 30, 2013 9:30 am
US dollar climbed to highs unseen in five years against the Japanese yen on trading Monday on optimism that an ongoing economic recovery in the United States may urge the Federal Reserve Bank to continue tapering its monthly monetary stimulus and probably exit the program by the end of 2014. USD/JPY touched a session high […]
Read moreDecember 30, 2013 8:12 am
Australian dollar traded lower against its US counterpart on Monday and was poised for its most considerable yearly decline since 2008 on signs that economic recovery in the United States was deepening, which may urge the Federal Reserve Bank to continue trimming its asset purchases. AUD/USD fell to a session low at 0.8834 at 1:50 […]
Read moreDecember 29, 2013 9:20 am
US dollar was losing ground against the Swiss franc on Friday amid speculation that greenback’s recent advance against major peers was excessive, while traders also speculated that the Federal Reserve Bank will probably not tighten its monetary policy and raise borrowing costs soon. Having touched a session low at 0.8800 on Friday, USD/CHF ended the […]
Read moreDecember 28, 2013 1:27 pm
US dollar traded in proximity to highs unseen in three years against its Canadian counterpart during late US session on Friday, as Bank of Canada intends to maintain interest rates at low levels for more than one year, while the Federal Reserve Bank trims its monthly monetary stimulus starting January. USD/CAD touched a session high […]
Read moreDecember 27, 2013 9:54 am
Australian dollar gained ground against its US rival on trading Friday amid speculation that greenbacks recent gains against major peers were excessive, while a technical indicator signaled US dollar was overbought against the Japanese yen. AUD/USD touched a session high at 0.8929 at 7:30 GMT, after which consolidation followed at 0.8924, gaining 0.31% for the […]
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