March 21, 2014 1:55 pm
The loonie, as the Canadian dollar is best known, retreated from the weakest level in more than four years against its US counterpart, following the release of upbeat Canadian inflation and retail sales data. USD/CAD hit a session low at 1.1174 at 12:30 GMT, after which the pair trimmed some losses to consolidate at 1.1205, […]
Read moreMarch 21, 2014 12:38 pm
Gold futures rose on Friday, trimming a weekly drop, as the European Union followed the United States in imposing further sanctions on the Russian Federation, which urged market players to look for safe haven assets, such as the precious metal. Meanwhile, copper futures distanced from the weakest level since July 2010, while silver rebounded from […]
Read moreMarch 21, 2014 10:42 am
The euro rebounded from a one-week low against the British pound, after official UK data showed a larger-than-expected budget deficit in February as government spending increased at the fastest annual pace in a year. EUR/GBP hit a session high at 0.8366 at 09:05 GMT, after which consolidation followed at 0.8357, adding 0.1% for the day. […]
Read moreMarch 21, 2014 9:57 am
Natural gas futures declined for a second day on Friday, as weather forecasting models called for a period of milder conditions in the US, curbing demand for the power station fuel and after a government report showed yesterday that US gas stockpiles fell less than projected last week. On the New York Mercantile Exchange, natural […]
Read moreMarch 21, 2014 9:34 am
The euro slid to the weakest level in more than two weeks against the yen, after Bank of Japan Governor Haruhiko Kuroda said yesterday there was a high probability that inflation reaches the central bank 2% inflation target sometime from the end of this fiscal year to the beginning of fiscal 2015. EUR/JPY touched a […]
Read moreMarch 21, 2014 8:52 am
The US dollar distanced further from three week-lows against the Russian ruble, after it became clear Russias biggest trading partner, the EU, and the US will increase economic pressure on the country in response to the annexation of the Crimean peninsula. USD/RUB hit a session high at 36.486 at 06:00 GMT, after which consolidation followed […]
Read moreMarch 21, 2014 7:59 am
Gold futures traded little changed on Friday, but headed for the largest weekly loss since September after the Federal Reserve signaled interest rates may increase by mid-2015, while further trimming monetary stimulus. Also fanning negative sentiment, Goldman Sachs Group Inc. predicted prices may plunge to $1 000 an ounce. Meanwhile, assets in the SPDR Gold […]
Read moreMarch 20, 2014 2:51 pm
Natural gas futures extended daily losses, after a government report showed today that US gas stockpiles fell less than projected last week. However, losses were held in check as weather forecasting models called for below-normal temperatures across many densely populated US areas, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural […]
Read moreMarch 20, 2014 1:53 pm
The loonie, as the Canadian dollar is best known, declined to the weakest level since July 2009 against its US counterpart, as the US Federal Reserve signaled yesterday it may increase borrowing costs by mid-2015 and reduced monetary stimulus, while Bank of Canada Governor Stephen Poloz said the central bank may cut interest rates should […]
Read moreMarch 20, 2014 1:00 pm
Gold futures slid to a three-week low as Federal Reserve officials signaled a rise in interest rates may be expected by mid-2015, boosting the US dollar and curtailing demand for the precious metal. Meanwhile, copper futures hovered near the weakest level since July 2010, also pressured by a stronger US dollar, while silver declined to […]
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