Better-than-expected GDP figures in the US caused risk appetite to surge across the board enabling the kiwi to post gains of over a cent against the pound.
The solid GDP figure in the US renewed optimism about recovery in the …
The dollar snapped four days of gains against the euro as the US economy returned to growth in the three months through September, officially exiting recession.
The US government's advance estimate showed gross domestic product grew at an annualised rate …
The dollar rose against the single currency for a third consecutive day in its longest advance since August, as a report showed US consumer confidence fell this month.
The euro struggled in trading yesterday after data showed that public …
Sterling closed up against the dollar yesterday, but slipped back nearly a cent from its intra-day high after a survey showed that consumer confidence in the US disappointed market expectations.
In early trading, the markets continued to take the …
Sterling pushed back over 1.10 in trading yesterday as data revealed a pick-up in UK realised sales dulling concerns over the health of the British economy.
The pound continued to recover last week's losses as the UK CBI realised …
Having traded strongly against the dollar in the early session, the euro surrendered gains in the afternoon session, pulling the price down sharply to close a $1.4873.
Initially, the greenback hit a fresh 14-month low versus the euro after …
The single currency slipped back from a fresh 14-month high against the dollar following further comments from the ECB that expressed apprehension over the euro’s strength.
In early trading, options buying once again prevented the euro from pushing through …
Sterling dipped slightly against the single currency, relinquishing gains in the afternoon as US equities slipped back, closing the day down just 0.1% at 1.0958.
In early trading, investors picked up on comments from the ECB President who added …
Having traded in the red during the morning session, the pound rebounded back over $1.64, climbing for the fifth consecutive day and reaching a near one-month high of $1.6422.
The pound initially fell against the dollar, relinquishing last week’s …
Sterling suffered early losses against the euro yesterday after a BoE member hinted that the QE programme should be extended, but the pound recovered to close the day on level footing.