March 20, 2014 12:06 pm
The euro declined to the weakest level in two weeks against the US dollar, extending yesterdays losses after Federal Reserve officials signaled a rise in interest rates may be expected by mid-2015, while further trimming monetary stimulus. EUR/USD touched a session low at 1.3757 at 11:18 GMT, after which consolidation followed at 1.3769, losing 0.46% […]
Read moreMarch 20, 2014 10:28 am
Both West Texas Intermediate and Brent crude benchmarks swung between gains and losses, with WTI touching a one-week high in early European trading, after government data showed yesterday a seventh consecutive drop in Cushing supplies, while stockpiles of refined products also fell. Albeit eroded, oil’s geopolitical premium stemming from the tension in Ukraine kept prices […]
Read moreMarch 20, 2014 9:31 am
The euro dropped to one-week low against the British pound on Thursday, after the Bank of England announced yesterday that further gains cannot be ruled out as the UK economy expands amid declining jobless rate. EUR/GBP touched a session low at 0.8340 at 09:27 GMT, after which consolidation followed at 0.8346, losing 0.22% for the […]
Read moreMarch 20, 2014 8:42 am
The US dollar rebounded from a three-week low against the Russian ruble as Federal Reserve officials signaled a rise in interest rates by 2015, while further trimming monetary stimulus, boosting demand for the US currency. USD/RUB hit a session high at 36.212 at 08:35 GMT, after which consolidation followed at 36.204, adding 0.1% for the […]
Read moreMarch 20, 2014 7:49 am
Gold futures traded close to three-week low as Federal Reserve officials signaled a rise in interest rates by 2015, while further trimming monetary stimulus, boosting the US dollar and curtailing demand for the precious metal. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday, after retreating from three-month high on March […]
Read moreMarch 19, 2014 3:54 pm
The euro traded lower against the US dollar on Wednesday amid speculation the Federal Reserve will further trim its bond-buying program and will link its forward guidance as to when it will increase interest rates to a range of economic indicators. EUR/USD touched a session low at 1.3900 at 14:40 GMT, after which the pair […]
Read moreMarch 19, 2014 3:25 pm
Gold futures declined the most in six weeks as investors assessed the prospects that Fed will cut stimulus as the economy gains, curbing demand for the precious metal as a store of value. Meanwhile, silver also edged lower, while copper futures slid to the weakest level since July 2010, after the collapse of a Chinese […]
Read moreMarch 19, 2014 2:12 pm
The euro advanced to the strongest level in more than four years against the loonie, as the Canadian dollar is best known, amid speculation the Bank of Canada may cut interest rates to spur economic growth. EUR/CAD touched a session high at 1.5587 at 11:30 GMT, after which it consolidated at 1.5562, adding 0.3% for […]
Read moreMarch 19, 2014 1:24 pm
West Texas Intermediate crude declined after it added more than $1 on Tuesday amid expectations government data due later today may show a ninth straight build in US crude oil inventories. Easing tensions in Ukraine after a statement by President Vladimir Putin, also helped push prices down. Meanwhile, natural gas futures advanced as weather forecasting […]
Read moreMarch 19, 2014 12:29 pm
Natural gas futures advanced on Wednesday, as weather forecasting models called for much-below-normal temperatures in many densely-populated US areas, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in April traded at $4.489 per million British thermal units at 12:25 GMT, up 0.73% on the day. Prices held […]
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