The dollar eased against the other major currencies on Friday, after
posting strong gains in the previous two sessions amid expectations that
the Federal Reserve could hike interest rates earlier than previously
Monday, March 24
The dollar dipped against the traditional safe haven Swiss franc on
Friday, paring a weekly gain, amid heightened tensions between the West
and Russia over Ukraine.
Monday, March 24
The dollar slipped lower against the yen on Friday as fresh tensions
between the West and Russia over Ukraine bolstered safe haven demand for
the Japanese currency.
The U.S. dollar fell against the Canadian dollar on Friday as the
release of stronger-than-expected Canadian inflation data eased pressure
on the Bank of Canada to cut interest rates.
The New Zealand ended Friday’s session little changed against its U.S.
counterpart on Friday, as market players continued to monitor
developments in the Ukraine-Russia conflict.
The Australian dollar ended Friday’s session higher against its U.S.
counterpart, but gains remained limited amid fresh tensions between the
West and Russia over Ukraine.
The pound ended the week close to five-week lows against the dollar on
Friday as growing expectations that the Federal Reserve could raise
interest rates sooner than anticipated supported the dollar.
The euro edged higher against the dollar on Friday, as the dollar took a
breather following a rally in the previous two sessions, sparked by
prospects for an earlier than anticipated rate hike by the Federal
2013-03-24 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - Flash Manufacturing PMI]
if actual > forecast = good for currency (for CNY in our case)
China Manufacturing PMI Hits Eight-Month Low - HSBC
China's manufacturing sector fell deeper into contraction in March,
the latest flash PMI from HSBC and Markit Economics revealed on Monday.
The index came in with a seasonally adjusted score of 48.1, touching an
The headline figure is down from 48.5 in
February, and it was well shy of forecasts for 48.7 - and it moves the
index further below the mark of 50 that separates expansion from
Among the key components of the survey, the output index sank to 47.3 from 48.8 in the previous month - hitting an 18-month low.
other components, new orders, work backlogs, output prices, input
prices and quantity of purchases all continued to contract at an