January 23, 2014 9:18 am
The loonie, as the Canadian dollar is best known, declined to the weakest level in 4-1/2 years against its US counterpart, following BoCs statement that the currency is still strong enough, being a competitive challenge for Canadian exports. USD/CAD reached a 4-1/2-year high at 1.1174 at 09:00 GMT, after which consolidation followed at 1.1159, adding […]
Read moreJanuary 23, 2014 7:48 am
Gold declined to the lowest level in two weeks on expectations Fed will keep scaling back its stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF were reduced on Wednesday, adding to bearish sentiment. However, a weaker dollar relieved some pressure on the yellow metal. On the Comex division of the New York […]
Read moreJanuary 22, 2014 3:45 pm
Grain futures were mixed on Wednesday, with wheat advancing amid speculation chilly temperatures could hurt US crop. Meanwhile, corn also advanced, while soybeans decreased. On the Chicago Board of Trade, wheat futures for settlement in March added 0.12% to trade at $5.6338 per bushel by 15:13 GMT. Prices jumped to a session high of $5.6662, […]
Read moreJanuary 22, 2014 2:42 pm
The Swiss franc traded little changed against the US dollar, after data showed the Swiss economic sentiment decreased this month, but remained close to Decembers 3-1/2-year high. Having reached a session low at 0.9090 at 13:50 GMT, USD/CHF erased daily declines to trade little changed at 0.9107 at 14:34 GMT, adding 0.05% for the day. […]
Read moreJanuary 22, 2014 1:20 pm
Natural gas surged to the highest level in a month as short-term weather forecasts called for chilly temperatures across most of the densely-populated US areas. Freezing temperatures boost natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in February soared by 2.38% to trade at […]
Read moreJanuary 22, 2014 10:42 am
The pound advanced to a three-week high against the US dollar, after data showed the UK rate of unemployment declined to 4-1/2 year low in the three months to November. GBP/USD hit a session high at 1.6551 at 10:17 GMT, after which consolidation followed at 1.6534, adding 0.35% for the day. Support was likely to […]
Read moreJanuary 22, 2014 9:58 am
The yen traded little changed against the US dollar after two days of advances as Bank of Japans policy makers kept monetary policy steady. Having hit a session low at 103.97 at 03:45 GMT, USD/JPY erased earlier declines to trade little changed at 104.30 at 09:50 GMT, adding 0.01% for the day. Support was likely […]
Read moreJanuary 22, 2014 8:34 am
Gold declined on Wednesday as investors assessed the outlook for Fed stimulus cuts at the upcoming FOMCs meeting. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in February lost 0.11% to trade at $1 240.40 per troy ounce by 08:30 GMT. Prices touched a session high at $1 243.40, […]
Read moreJanuary 21, 2014 3:51 pm
Grain futures lost ground on Tuesday, with corn falling amid a speculation that rain in Argentina may boost harvest. On the Chicago Board of Trade, corn futures for March delivery lost 0.24% to trade at $4.2238 a bushel by 15:45 GMT. Futures held in a range between day’s high and low of $4.2462 and $4.2112 […]
Read moreJanuary 21, 2014 2:07 pm
The loonie, as the Canadian dollar is best known, plunged to lows unseen in more than 4 years, on diverging monetary policies by the Federal Reserve and Bank of Canada. Having hit the strongest level since September 2009 at 1.1019 at 09:50 GMT, USD/CAD traded at 1.0985 at 13:54 GMT, gaining 0.33% for the day. […]
Read more