April 2, 2014 9:16 am
The British pound pared daily gains against the US dollar, after data showed that activity in the UK construction sector expanded at a slower-than-expected pace last month. GBP/USD hit a session high at 1.6664 at 08:19 GMT, after which the pair trimmed daily gains to trade little changed at 1.6644, adding 0.08% for the day. […]
Read moreApril 2, 2014 8:24 am
The kiwi, as the New Zealand dollar is best known, dropped from the strongest level since August 2011 against the US dollar, as a sharp drop in the weighted average price of dairy products fueled speculation the Reserve Bank of New Zealand may not raise borrowing costs as sharply as expected this year. The South […]
Read moreApril 2, 2014 7:54 am
The Aussie dollar extended a drop from a four-month high against its US counterpart, after data showed the number of building approvals in Australia declined in February, raising concerns over the health of the nations housing sector, which the RBA sees as crucial to re-balance the economy as a mining investment boom wanes. AUD/USD touched […]
Read moreApril 2, 2014 6:50 am
Gold futures snapped two days of declines after prices dropped to the lowest level in seven weeks, encouraging some investors to buy the precious metal amid signs of increasing demand in China, the worlds biggest consumer. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced yesterday to the weakest level in almost […]
Read moreApril 1, 2014 2:55 pm
The Russian ruble traded little changed after touching a seven-week high against the US dollar, following a sign of a possible thaw in relations between Russia and the West, as Russian President Vladimir Putin pulled part of the troops, situated on the Ukraines border. USD/RUB touched a session low at 34.945 at 06:30 GMT, after […]
Read moreApril 1, 2014 1:41 pm
The loonie, as the Canadian dollar is best known, trimmed daily losses to trade little changed against the US dollar after data showed the Canadian raw materials price index (RMPI), surged by the most in almost three years in February, adding to evidence the recovery is picking up steam. USD/CAD hit a session high at […]
Read moreApril 1, 2014 12:45 pm
Copper futures rose on Tuesday, trading close to the strongest level in three weeks after official data showed a gauge of manufacturing activity in China, the worlds biggest consumer of the metal, advanced more than expected last month. Meanwhile, gold futures traded close to the weakest level in seven weeks as further signs of recovery […]
Read moreApril 1, 2014 11:49 am
Natural gas futures declined for a third day on Tuesday, as forecasts for warmer weather in the US reduced demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.368 per million British thermal units at 11:47 GMT, down 0.08% on the day. Prices held in […]
Read moreApril 1, 2014 11:43 am
Both West Texas Intermediate and Brent crude benchmarks edged lower on Tuesday ahead of private and government data that may show an eleventh weekly build-up in US crude oil inventories, while manufacturing figures from China spurred uncertainty over growth prospects in the world’s second-biggest economy and oil consumer. Meanwhile, natural gas futures traded little changed […]
Read moreApril 1, 2014 9:45 am
The euro rose against the British pound following a report that showed an unexpected decline in UK manufacturing last month, while growth in the euro zone manufacturing sector remained in a reasonable range to the strongest level in almost three years, and unemployment in Germany declined to a two-year low in March, adding to signs […]
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