December 3, 2013 8:14 am
Australian dollar traded lower against its US counterpart on Tuesday, after the Reserve Bank of Australia (RBA) refrained from introducing a cut of its benchmark interest rate and despite that Australian retail sales outpaced expectations in October. AUD/USD reached a session low at 0.9058 at 4:35 GMT, after which consolidation followed at 0.9073, falling 0.36% […]
Read moreDecember 2, 2013 3:11 pm
EUR/USD edges lower after a string of mixed economic data was released out of the Euro zone on Monday. The countries in the Euro zone provided mixed signals to the market players. EUR/USD reached a session low at 11:30 GMT to trade at 1.3526, after which consolidation followed at 1.3540. The pair was trading at […]
Read moreDecember 2, 2013 11:53 am
GBP/USD reached fresh 27 month highs, after the release of the UK PMI. At 09:28 on Monday, the Chartered Institute of Purchasing and Supply announced the results of its survey on manufacturing activity. The results indicated that activity in the sector expanded at the fastest pace in 33 months in November. Having reached a session […]
Read moreDecember 2, 2013 8:38 am
On Monday the Japanese yen reached fresh 6-month lows against the US dollar on Bank of Japan (BoJ) Governors statement of a continuing central bank quantitative easing in an attempt to achieve a stable 2% rate of inflation. USD/JPY reached a session high at 102.67 at 8:32 GMT, gaining 0.20% for the day. On Friday, […]
Read moreDecember 2, 2013 8:17 am
Australian dollar distanced from almost three-month lows against its US counterpart on Monday, after a report showed that activity in Chinas sector of manufacturing expanded more than initially projected, while a string of economic data released out of Australia left unchanged the overall view that Reserve Bank of Australias monetary policy will remain intact. Having […]
Read moreDecember 1, 2013 1:03 pm
US dollar climbed to highs unseen in six months against the Japanese yen on trading Friday, as expectations mounted that Japanese central bank may have to introduce additional stimulus measures in order to achieve its inflation target of 2% in two years time. Having touched its highest point since May 23rd at 102.61 during Asian […]
Read moreNovember 30, 2013 4:00 pm
EUR climbed to one month highs against the US dollar on Friday, after a report showed that inflation in the Euro zone is advancing at a faster-than-expected pace and the unemployment in the zone is declining. Having reached highs unseen since October 31-st at 1.3622 at 6:16 GMT. EUR/USD pair ended the week just below […]
Read moreNovember 30, 2013 3:48 pm
US dollar traded in proximity to highs unseen in two years against its Canadian rival during the late phase of US session on Friday on speculation that the Federal Reserve Bank will pare back its monthly monetary stimulus before Bank of Canada officials consider such a move. USD/CAD reached a daily high at 1.0629 at […]
Read moreNovember 29, 2013 2:08 pm
EUR/JPY was trading in proximity to 4-year highs on Friday, after a report showed that inflation in the euro zone is advancing at a faster-than-expected pace. EUR/JPY reached highs unseen since October 14th 2008 at 139.71 at 01:45 GMT on Friday. The pair was trading at 139.20 at 13:29 GMT. Support was likely to be […]
Read moreNovember 29, 2013 1:27 pm
The euro traded steadily against the US dollar on Friday, as reports on annual consumer inflation and rate of unemployment, released out of the Euro zone, added to the case that the European Central Bank (ECB) will probably abstain from additional stimulus measures. EUR/USD touched a session high at 1.3622 at 6:16 GMT, also the […]
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