December 20, 2013 8:41 am
The yen touched fresh 5-year lows against the US dollar after Bank of Japan stated it will keep its monetary base policy target and the pace of asset purchases unchanged. Having hit a session high at 104.59 at 06:00 GMT, USD/JPY traded at 104.47 at 08:39 GMT, adding 0.22% for the day. The pair was […]
Read moreDecember 20, 2013 7:51 am
Australian dollar traded little changed against its US rival on Friday and was set for its longest streak of weekly losses since before it was floated 30 years ago after Reserve Bank of Australia (RBA) Governor Glenn Stevens repeated that national currencys exchange rate was too high and following Federal Reserves decision to scale back […]
Read moreDecember 19, 2013 3:12 pm
The Japanese yen declined against the US dollar following the release of the Feds tapering decision on Wednesday. Having reached a session high at 104.34 at 13:20 GMT, USD/JPY traded at 104.14 at 15:10 GMT, losing 0.14% for the day. Support was likely to be received at December 18th low, 102.64, while resistance was to […]
Read moreDecember 19, 2013 10:44 am
The pound rebounded from more than-two year highs against the US dollar amid Feds decision to trim its monthly asset purchases at the policy meeting on Wednesday. Having reached a session low at 1.6366 at 02:15 GMT, GBP/USD traded at 1.6369 at 10:27 GMT, losing 0.13% on a daily basis. Support was likely to be […]
Read moreDecember 19, 2013 9:50 am
The euro declined against the US dollar, following Fed’s decision to reduce the scale of its monthly asset purchases at the policy meeting on Wednesday. Having reached a session low at 1.3650 at 03:00 GMT, EUR/USD traded at 1.3679 at 09:48 GMT, losing 0.05% for the day. Support was likely to be received at December […]
Read moreDecember 19, 2013 8:12 am
Australian dollar traded steadily and in proximity to more than three-year lows against its US counterpart on Thursday, following Feds decision to reduce the scale of its monthly asset purchases at the policy meeting on Wednesday. AUD/USD reached a session low at 0.8823 at 3:25 GMT, also the pairs lowest point since August 25th 2010, […]
Read moreDecember 18, 2013 4:09 pm
The US dollar advanced against the euro, as investors awaited the outcome of the FOMC meeting and potential news on Fed’s tapering timeline. Meanwhile, the greenback was supported by better-than-expected US Housing data for November. Having reached a session high at 1.3778 at 07:15 GMT, EUR/USD erased daily advances to trade at 1.3757 at 16:07 […]
Read moreDecember 18, 2013 12:43 pm
The pound rose against the US dollar after Bank of England released its December 5th policy meeting minutes. The British currency was also supported by a report by the UK National Statistics, which revealed that the unemployment rate reached a 4-year low in the three months through October. Having hit a session high at 1.6365 […]
Read moreDecember 18, 2013 8:28 am
The yen fell against the US dollar, after a report by the Japanese Ministry of Finance showed a record-high trade deficit in November, undermining the Japanese yens safe haven demand. Having reached a session high at 103.03 at 02:35 GMT, USD/JPY traded at 102.95 at 08:26 GMT, gaining 0.27% for the day. The pair reached […]
Read moreDecember 18, 2013 8:15 am
Australian dollar traded higher against its US counterpart on Wednesday, as speculation appeared that the Reserve Bank of Australia (RBA) may not reduce its benchmark interest rate further after banks Governor Glenn Stevens stated that there were indications accommodative policy was providing support to spending in the country. AUD/USD touched a session high at 0.8928 […]
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