Currency Alerts
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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