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 …
Sterling made strong gains in early trading yesterday following better-than-expected employment data, but the price pulled back to close up 0.4% at $1.5980.
The number of UK jobless claiming unemployment benefit rose by 20.8K in September, less than the …
The single currency recovered some of the losses it incurred on Friday, gaining over half a cent against the greenback as risk appetite in the market strengthened.
Rallying equities yesterday, which have been boosted by stronger commodity prices and optimism …
Sterling relinquished gains against the kiwi dollar on Friday, as concerns mounted over the strength of the global recovery, with the price closing the week at 2.2269.
Following the release of worse-than-expected jobs data in the US, risk adverse …
The pound rebounded strongly yesterday, gaining over two cents, or 1.3%, as a sharp rise in risk aversion in the market, dulled demand for the ‘riskier’ currency.
Both unemployment claims in the US and manufacturing data posted worse-than-expected figures, …