April 1, 2014 8:57 am
The euro rose fro a third day against the US dollar, after data showed that growth in the euro zone manufacturing sector remained in a reasonable range to the strongest level in almost three years, and unemployment in Germany, the biggest economy in the euro area declined to a two-year low last month, adding to […]
Read moreApril 1, 2014 8:12 am
The Aussie touched a four-month high against the US dollar as the Reserve Bank of Australia kept interest rates unchanged, but erased earlier gains after RBA Governor Glenn Stevens commented that the currencys recent appreciation will curb the stimulus provided to the economy. AUD/USD hit a session high at 0.9302 at 03:30 GMT, after which […]
Read moreApril 1, 2014 6:53 am
Gold futures traded close to the weakest level in seven weeks as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus and amid decreasing physical demand from China, the largest global consumer of the metal. Also fanning negative sentiment, assets in the SPDR Gold Trust, the […]
Read moreMarch 31, 2014 2:53 pm
The Russian ruble advanced to the strongest level in more than a month against the US dollar, as tension between Russia and the West started to deescalate after US Secretary of State John Kerry and Russian foreign minister Sergei Lavrov held talks on Friday. USD/RUB touched a session low at 35.148 at 14:23 GMT, after […]
Read moreMarch 31, 2014 2:00 pm
The loonie, as the Canadian dollar is best known, hovered close to the strongest level in three weeks against its US counterpart after data showed today that the Canadian economy expanded at a faster-than-expected pace in January, led by gains in manufacturing output. USD/CAD touched a session low at 1.1003 at 13:30 GMT, after which […]
Read moreMarch 31, 2014 1:07 pm
West Texas Intermediate crude held near Friday’s three-week high close and is set for a quarterly advance as Russia and the West discuss how to defuse growing tension over the crisis in Ukraine, while supply outages from Nigeria and Libya further supported the market. Gains however were capped as Iraq started production at a new […]
Read moreMarch 31, 2014 12:27 pm
Copper futures declined on Monday and were set for the biggest quarterly drop since the three months through June amid concern that the economy of the worlds biggest consumer of the metal is slowing, which will curb demand. Meanwhile, gold futures headed for the first monthly drop this year as further signs of recovery in […]
Read moreMarch 31, 2014 11:38 am
The euro rebounded from a one-month low against the US dollar on Monday, after preliminary data showed that inflation in the euro area fell to the weakest level since October 2009, which added to expectations the European Central Bank officials will take action as soon as this week to bolster the euro zones recovery, but […]
Read moreMarch 31, 2014 9:01 am
Natural gas futures declined on Monday, as temperatures across many US regions were expected to warm up gradually amid the nearing spring season, curbing demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.444 per million British thermal units at 09:57 GMT, down 0.93% on […]
Read moreMarch 31, 2014 8:29 am
The kiwi, as the New Zealand dollar is best known, hovered near the strongest level since August 2011 against its US counterpart amid speculation over possible stimulus measures in China, which heightened demand for higher-yielding currencies. NZD/USD hit a session high at 0.8678 during late Asian trade, after which the pair consolidated to trade little […]
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