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US dollar advanced against the yen after China’s GDP report

July 15, 2013 8:24 am
US dollar gained ground against the Japanese yen on Monday, following the release of Chinese GDP report, which said economy managed to grow in consonance with preliminary estimates during the second quarter of the year, chilling out fears over a possible slowdown in the second largest economy worldwide, which diminished safe haven demand for the […] Read more

NZD/USD also higher on Chinese GDP

July 15, 2013 7:51 am
New Zealand dollar climbed against its US counterpart on Monday, following the release of official report by the Chinese government, which showed that economy grew in line with expectations in the second quarter of the year. NZD/USD reached a session high at 0.7825 at 6:14 GMT, after which consolidation followed at 0.7807. The cross gained […] Read more

EUR/USD reacted with a little change to Chinese GDP data

July 15, 2013 7:26 am
Euro remained little changed against the US dollar on Monday, following the release of Chinese GDP report, which showed economy expanded in line with projections. EUR/USD registered a session low at 1.3045 at 6:52 GMT, after which consolidated at 1.3050. Support was likely to be found at July 12th low, 1.2998, while resistance was to […] Read more

Australian dollar higher versus US peer on Chinese GDP

July 15, 2013 6:58 am
Australian dollar gained against its US counterpart on Monday, following a government report, which showed that Chinese Gross Domestic Product rose in line with preliminary estimates by experts. AUD/USD pair increased to reach a session high at 0.9120 at 6:09 GMT, after which the cross consolidated at 0.9105, still up by 0.46% for the day. […] Read more

USD/CAD advanced, but gains seemed limited

July 12, 2013 2:41 pm
US dollar traded on higher levels against its Canadian counterpart on Friday, but greenbacks demand still felt the weight of comments made by FED Chairman Ben Bernanke on Wednesday, thus advance pace was limited. USD/CAD hit a session high at 1.0402 at 14:11 GMT, after which consolidation followed at 1.0383. The cross was expected to […] Read more

EUR/USD remained lower following US producer prices data

July 12, 2013 1:11 pm
Euro continued trading on lower levels against the US dollar on Friday, following the release of good data, regarding producer prices in the United States and in expectation of the consumer confidence report by University of Michigan. EUR/USD fell to a session low at 1.3019 at 13:00 GMT, after which consolidation followed at 1.3042. Support […] Read more

GBP/USD erased earlier gains, but support was still present

July 12, 2013 10:01 am
British pound erased its earlier gains against the US dollar on Friday, but remained still supported by comments made by Ben Bernanke on Wednesday, which weighed on the greenback. GBP/USD fell to a session low at 1.5116 at 9:37 GMT, after which consolidation followed at 1.5126, still down by 0.40% for the day. Support was […] Read more

Australian dollar slid against US peer on rising bets RBA will cut rates

July 12, 2013 8:40 am
On Friday Australian dollar continued its slide against the US peer, as market players raised bets that Reserve Bank of Australia (RBA) will reduce the base interest rate next month from the current record low. AUD/USD slid to a session low at 0.9133 at 0:50 GMT. At 8:17 GMT the pair was trading at 0.9155, […] Read more

USD/JPY off session lows, but gains were capped

July 12, 2013 7:35 am
US dollar bounced off session lows against the Japanese yen on Friday, but gains remained capped due to comments by FED Chairman Ben Bernanke still weighing on greenbacks demand. USD/JPY pulled back from a session low at 98.66 at 00:00 GMT on Friday, after which consolidation followed at 99.05. The cross was up by 0.09%. […] Read more

EUR/USD slightly lower, but still supported after Bernanke’s statement

July 12, 2013 6:57 am
The euro edged lower against the US dollar on Friday, but still demand for the greenback was under pressure, following Ben Bernankes statement on Wednesday. EUR/USD fell down to a session low at 1.3072 at 5:22 GMT, after which consolidation followed at 1.3077. The cross was down by 0.14% for the day. Support was likely […] Read more