Currency Alerts
As widely expected, the Bank of England maintained
its quantitative easing at GBP 375 billion and the interest rate at 0.50
percent.
The pound edged higher against most of its major rivals after the
decision. As of 7:03 am ET, the British sterling was trading at 0.8110
against the euro, 1.4935 against...
The Bank of England is set to announce the results
of the monetary policy meeting at 7:00 am ET. The central bank is
expected to maintain its quantitative easing at GBP 375 billion and the
interest rate at 0.50 percent.
The pound held steady against its major rivals ahead of the decision. As
of 6:55...
The New Zealand dollar continued to creep higher
against its US counterpart in early deals on Thursday, rising to 0.8315
around 6:45 am ET, its strongest level since October 2.
On the upside, the kiwi-greenback pair may challenge the key resistance
zone of 0.8340/60 in the near-term.
The pound appreciated 0.3 percent to a 2-day high of
1.6130 against the US dollar around 6:15 am ET Thursday from late Asian
session's 3-day low of 1.6081.
The cable is now trading away from the trend-line of triangle resistance
with 1.6140/50 seen as the next likely upside target level and
1.6050...
German factory orders grew 3.9 percent on month and
dropped 2.4 percent annually in October, well-above economists'
expectations.
The euro inched higher against its major opponents after the report. As
of 6:02 am ET, the common currency was trading at 107.73 against the
yen, 1.3077 against the US...
Germany is set to release its factory orders report
for October at 6:00 am ET. Factory orders are expected to grow 1 percent
on month. Annually, orders are expected to drop 5.6 percent in October.
The euro held steady against its major opponents ahead of the report. As
of 5:55 am ET, the common currency...
The US dollar extended its recent downtrend against
the Canadian dollar during early European session on Thursday, falling
to 0.9907 around 5:00 am ET, its weakest level since November 7.
The greenback-loonie pair is trading well-below its 38.2 percent
retracement level of 0.9945 between a high in...
In early European deals on Thursday, the Australian
dollar climbed back against the U.S. counterpart.
The aussie approached a 9-day high of 1.0491 against the greenback with
1.052 seen as the next upside target level. At yesterday's close, the
pair was quoted at 1.0458.
The second estimate of Eurozone GDP showed that the
economy shrank 0.1 percent sequentially in the third quarter. The figure
confirmed the initial estimate.
The euro held steady against its major opponents after the report. As of
5:02 am ET, the common currency was trading at 107.83 against the
yen,...
Eurostat is scheduled to release second estimate of
Eurozone GDP at 5.00 am ET. The economy shrank 0.1 percent sequentially
in the third quarter, according to flash estimate. The statistical
office is likely to confirm the initial estimate.
The euro held steady against its major opponents ahead of...
At 4.30 am ET Thursday, the U.K. trade data for
October was released. Following the data, the pound edged down against
the franc but changed little against the rest of major currencies.
The pound is now trading at 1.6106 against the greenback, 132.80 against
the yen, 1.4916 against the franc and 0.8121 against the euro.
At 4.30 am ET Thursday, the U.K. trade data is due.
The visible trade deficit is seen rising to GBP 8.65 billion in October
from GBP 8.36 billion a month ago.
Ahead of the data, the pound showed mixed trading against other major
currencies. While the pound rose against the greenback and the yen,...
The U.S. dollar retraced early gains against
European major currencies in early European deals on Thursday.
Against the euro and the pound, the greenback eased from multi-day highs
of 1.3043 and 1.6081 and is worth 1.3072 and 1.6109, respectively.
The greenback is trading at 0.9264 against the...
Switzerland's consumer prices fell 0.4 percent year
on year in November following a 0.2 percent drop in October, the Federal
Statistical Office said in a report today. Analysts had expected the
inflation to drop 0.1 percent in the month.
The franc drifted lower against its major rivals after the data....
The Federal Statistical Office is set to publish
Swiss consumer prices for November at 3:15 am ET. Consumer prices are
forecast to fall 0.1 percent annually, following a 0.2 percent drop in
October.
The franc showed mixed trading ahead of the inflation data. While the
Switzerland currency edged higher...
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