Click to continue reading “New Zealand Dollar Rebounds on Retail Sales”
The Canadian dollar declined versus its U.S. counterpart and
The loonie was impacted today as energetic and metallic commodities declined, specially the crude oil, as raw material exports account for more than half of the country’s international trade revenue, in a day of bearish markets in New York and Toronto.
Click to continue reading “Canada’s Dollar Retreats on Oil, Risk Aversion”
The yen, known as the best refuge currency for times of uncertainty, declined today as unemployment surprisingly fell in Australia, bringing Japanese investors to buy riskier assets overseas, as the Australian economic recovery indicates better economic conditions not only in the South Pacific region but also among its main trading partners.
AUD/JPY traded at 85.01 as of 02:35 GMT from a previous rate of 83.89 in the intraday chart.
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The Australian dollar climbed after employment figures were published in the country with
After unemployment in Australia declined to 5.5 percent and surprised forecasts that expected an increase, the Aussie dollar gained versus most of the main traded currencies, specially
AUD/CAD traded at 0.9579 as of 02:27 GMT from 0.9504 hours before the employment figures were published in Australia.
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The U.K. currency extended Friday’s gains versus the U.S. dollar today as global optimism helped speculations that an economic recovery in the U.K.
Click to continue reading “Pound Strong Versus Dollar on Global Recovery”
In trading on Friday, the pound slipped back from two-week highs around the 1.8000 level against the aussie as a weak GDP figure dulled demand for the UK currency.
A broadly stronger pound hit a two-week high against the aussie, briefly rising over 1.8000, as confidence in the UK economy gained momentum.
Dollar selling in the market was stepped up with investors moving into the pound as the MPC minutes proved more positive than expected.
Click to continue reading “Bank of England voted unanimously to maintain the key rate”
The single currency resumed its climb against the dollar in trading yesterday, supported by rising confidence in the global recovery, closing the day up 0.4%.
Click to continue reading “Euro pushes higher but finds strong resistence at $1.50″
Sterling managed to close last week at a near two-week high of 2.2056 against kiwi, as the UK currency continued to build on support from a BoE official.
The pound reversed its steady decline against the greenback yesterday as investors relinquished defensive positions ahead of today’s MPC announcement.
The pound continued to edge downward, undermined by speculation ahead of the MPC meeting later this week.
The pound advanced a further cent against the aussie on Friday, building on strong gains, as investors remained cautious following weak US employment figures.
Click to continue reading “Pound made gains against the aussie on Friday following weak US data”
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Sterling is currently trading higher against the aussie following upbeat comments and a move to cash profits
Sterling recovered some of its recent extensive losses against the aussie dollar yesterday, climbing over two cents, to close up at 1.7668.
Click to continue reading “Sterling is currently trading higher against the aussie following upbeat comments and a move to cash profits”