The AUD/USD inched closer to 0.7850 levels after the People’s Bank of China (Pboc) cut reserve requirement ratio to 19.5% from 20.0%. Gains capped by weakness in commodities The pair currently trades at 0.7807levels after having hit a high of 0...
EUR/USD recovered from session lows after services sector activities expanded across the Euro area economies with France bucking the trend. EUR/USD recovers from 1.1437 levels The EUR/USD erased partial losses and traded at 1.1471 levels, post the PMI data release...
The AUD/USD pair has recovered most of its losses triggered by the surprise interest rate cut by the Reserve Banks of Australia (RBA) see in the previous session. Gains capped at 10-DMA The recovery seen in the AUD/USD pair was halted near the 10-DMA located at 0.7830 levels...
GBP/USD pared previous gains and steadied above 1.5150 levels as traders now await UK Service PMI reading which may beat market estimates following previous upbeat PMI reading from the UK. Sustains above 1.5150 The GBP/USD pair traded flat at 1.5156 levels, retreating from day’s high posted at 1...
- NZD/USD extended its recovery mode in to the European morning, rallying to fresh session highs as traders continue to cheer Reserve Bank of New Zealand (RBNZ) Governor Wheeler’s dovish tone. Retraces from day’s high at 0.7449 Currently, the NZD/USD extended gains and trades at 0...
The Japanese yen traded lower in a busy data day for Asia, with key reports from New Zealand, Australia, China and Japan...
Russian Bank Suspends Money Withdrawal Process The growing financial epidemic of Russian banking system further intensified last week when a local bank – SB Bank of Russia – stopped cash withdrawal process, barring customers from obtaining their own money...
The Euro is the winner of the day; however, it's experiencing difficulties extending gains versus the US Dollar. After climbing over 100 pips from 1.1335 to trade at highs since January 22 at 1.1450, the EUR/USD is trading sideways now...
The AUD/USD pair recovered from six-year low of 0.7624 as the recovery in Crude prices eased concerns of falling inflation expectations in the advanced world...
EUR/USD pushed higher and briefly rose above the 1.14 mark at the beginning of the American session, amid comments about Greek debt situation...
The Brown Brothers Harriman Team shares that RBA has joined the central bank chorus of easing policy by slicing 25bps off its rates, and further add that there exists possibility of another rate cut in Q2. Key Quotes The Reserve Bank of Australia joined the chorus of central banks to ease policy...
On Tuesday the US currency slipped lower against its peers, as there appeared hopes for resolution between Greece's new government and creditors. Yesterday's pessimistic US data continued to weigh as well...
The US dollar shaved off previous gains and fell back in red as solid recovery in oil prices lifted the resource-lined loonie. 1.2500 levels eyed Currently, the USD/CAD trades at fresh one-week lows of 1.2532 levels, down -0.28% on the day, retracing from day’s high at 1.2644 levels...
Jane Foley, Senior Currency Strategist at Rabobank, forecasts AUD/USD to head towards 0.70 levels over the next 12 months as the threat of further RBA policy action increases...
The British currency remained moderately lower against the U.S. dollar on Tuesday, as an upbeat report on U.K. construction activity failed to boost investor confidence regarding the strength of the country's economy...
The shared currency remains almost unchanged vs. the greenback today, withEUR/USD navigating the 1.1330/40 area. EUR/USD muted after EMU data The pair largely ignored the release of the producer prices in the euro region, contracting more than estimated 1...
Sitting below resistance within a downtrend, NZDUSD is likely yo appeal to bearish swing traders. Now we just need the catalyst to push it our way. Tomorrow morning New Zealand releases their quarterly employment data...
GBP/USD managed to recover the 1.5020 area following the better-than-expected Construction PMI in the UK economy. GBP/USD testing lows near 1.5000 The pair returned to the 1.5020/25 band after the Construction PMI surprised investors advancing to 59...
The Kiwi dollar hit four-year lows against its U.S. peer on Tuesday, as a reaction to news of a surprise rate cut by the Reserve Bank of Australia and as market players eyed New Zealand employment data due later in the day...
The first forex hub of the Mumbai-headquartered Central Bank of India in Gujarat was opened at Urmi Char rasta here to provide prompt and efficient services to importers and exporters...
