Wednesday, 5 December 2012

RTTNews Currecy Alerts ( December 5, 2012 ).



RTT News: Global Financial Newswires


Currency Alerts

In later deals on Wednesday, the Indian rupee retreated slightly from an early high against its U.S. counterpart. The rupee is now trading at 54.5562 per dollar, compared to an early 2-day high of 54.4450. The pair closed Tuesday's trading at 54.685.

The Australian dollar lost ground against the New Zealand dollar in Europe on Wednesday. The aussie that closed Tuesday's trading at 1.2717 against the kiwi slipped to a 5-day low of 1.2684 around 6:25 am ET. The next downside target level for the aussie-kiwi pair is likely seen at 1.26.

In the European session on Wednesday, the Swiss franc reversed its direction and slipped against the U.S. dollar and the pound. The franc is trading at 0.9292 against the greenback and 1.4971 against the pound, compared to early highs of 0.9252 and 1.4909, respectively. If the franc slides further,...

In the early European session on Wednesday, the euro pulled back from its early highs against most major currencies after the release of Eurozone retail sales data, which declined more than economists forecast. Data from Eurostat said that Eurozone retail sales decreased for the third consecutive...

Eurostat said its retail sales dropped 1.2 percent month-on-month and 3.6 percent on year in October, much worse than economists forecasts. The euro remained weaker against its major counterparts after the report. As of 5:03 am ET, the common currency was trading at 107.67 against the yen, 1.3093...

Eurostat is slated to publish retail sales for October at 5:00 am ET. Eurozone retail sales are forecast to fall 0.2 percent month-on-month, the same rate of decline as seen in September. Annually, it is expected to drop 0.8 percent. The euro paused previous session's rally against its major counterparts...

After the release of U.K. services PMI for November at 4.30 am ET Wednesday, the pound changed little against other major currencies. The pound is now trading at 1.6109 against the greenback, 132.51 against the yen, 0.8144 against the euro and 1.4926 against the franc.

At 4.30 am ET Wednesday, U.K. services PMI is due. The indicator is forecast to rise to 51 in November from 50.6 in the prior month. Ahead of the data, the pound showed mixed trading against other major currencies. While the pound recovered against the franc, it held steady against the yen. Against...

The euro spiked up against the Swiss franc in the early European session on Wednesday. The euro approached 1.2160 against the franc, its strongest level since September 18. If the euro rises further, it may break 1.22 level. The euro-franc pair closed yesterday's deals at 1.2133.

Following the releases of PMI reports from Italy, France, Germany and Eurozone on Wednesday's early European session, the euro rose against the franc but changed little against the rest of major currencies. The euro is now trading at 1.3114 against the greenback, 107.86 against the yen, 0.8144 against...

Italy's services PMI is due at 3.45 am ET Wednesday. Thereafter, final PMI data is due from France and Germany. Markit Economics is set to publish Eurozone final PMI data at 5:00 am ET. Ahead of these reports, the euro held steady against the yen but advanced against the rest of major currencies. At...

Continuing slide, the U.S. dollar declined against the Canadian dollar in the early European session on Wednesday. The greenback fell to an 8-day low of 0.9913 against the loonie with 0.987 seen as the next support level. The pair ended yesterday's deals at 0.9930.

The US dollar reached a 2-day low of 0.9917 against its Canadian counterpart in late Asian deals Wednesday, down 0.13 percent from Tuesday's close of 0.9930. The greenback-loonie pair has been hovering in the 38.2 percent retracement level for the past few days between its June high and September...

The Japanese yen edged sharply lower across the board in early Asian deals Wednesday following comments made by the Bank of Japan Deputy Governor Kiyohiko Nishimura that the central bank is ready to pursue aggressive monetary easing "to achieve its price stability goal". Speculations that the Chinese...

The euro touched above the 1.2150 level against the Swiss franc on Wednesday in Asia, for the first time since Sept. 18. The common currency rose as high as 1.2155 against the Swiss franc, up almost 0.2 percent from Tuesday's close of 1.2133. The next likely barrier for the currency cross is seen at...

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