June 26, 2013 7:26 am
Australian dollar was on higher levels against its US counterpart on Wednesday, but gains were capped as support for the US dollar was strong after the positive US data on Tuesday. AUD/USD reached 0.9282 at 7:02 GMT, currently the session high. The cross was up by 0.23% for the day. Support was likely to be […]
Read moreJune 26, 2013 6:45 am
EUR/USD was trading close to almost three-week lows on Wednesday, as the greenback continued its expansion after Tuesdays strong series of data from the United States. EUR/USD fell to a session low at 1.3056 during the later phase of Asian trade, the lowest point since June 5th, after which consolidation followed at 1.3066. Support was […]
Read moreJune 25, 2013 2:55 pm
New Home Sales in the United States registered their highest level in May for the past five years, giving indications that housing industry would be one of the driving forces of the economy. Sales climbed by 2.1% in May, reaching the annual 0.476 million units, the highest number since July 2008 and outstripping experts projections […]
Read moreJune 25, 2013 2:19 pm
US dollar remained almost unchanged against its Canadian peer on Tuesday, after the release of stronger than expected US durable goods and house prices data, which gave indication that economic recovery was on the way. USD/CAD hit a session low at 1.0461 at 11:35 GMT, after which consolidation followed at 1.0503. The pair was up […]
Read moreJune 25, 2013 1:41 pm
US dollar pulled back from session lows against the Japanese yen on Tuesday on stronger than projected data, regarding US durable goods orders. Results boosted optimism about US economic recovery. USD/JPY reached 97.68 at 12:35 GMT, as the cross hit a session low at 96.95 before the release of US data. The Commerce Department reported […]
Read moreJune 25, 2013 9:00 am
On Tuesday British pound edged higher against the US dollar, as the Debt Management Office prepared to sell UK government bonds with maturity in 2068 via banks. GBP/USD hit a session high at 1.5460 at 6:58 GMT, after which consolidation followed at 1.5450. The sterling was likely to find support at June 21st low, 1.5405, […]
Read moreJune 25, 2013 8:21 am
Japanese yen managed to pull back from almost two-week lows against the US dollar, after Asian shares declined for the second consecutive day on concerns that cash shrinkage in China could curb economic growth and therefore, boost safe haven demand for national currency. “The price action is fearful because of the potential for slowing Chinese […]
Read moreJune 25, 2013 7:45 am
New Zealand dollar remained almost without change against its US counterpart on Tuesday, as demand for the US dollar was still underpinned by ongoing expectations that US central bank will reduce scale of asset purchases by the end of 2013. NZD/USD fell to a session low at 0.7706 during the later phase of Asian trade, […]
Read moreJune 25, 2013 7:13 am
The euro edged higher against the US dollar on Tuesday, as Federal Reserve Bank experts calmed down the widespread fears that the central bank will end its stimulus program. EUR/USD hit a session high at 1.3145 at 6:38 GMT. Support was expected at June 24th low, 1.3058, while resistance was to be encountered at 1.3175. […]
Read moreJune 25, 2013 6:44 am
Australian dollar retreated against its US counterpart in a highly volatile trade, the highest for the past 1.5 years, as China’s central bank signaled it will keep efforts to curb credit growth. Chinese shares submerged deeper into a bear tendency. Additionally, Australian government bonds rebounded after Federal Reserve Bank of Dallas President Richard Fisher said […]
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