The Canadian dollar drifted weaker against the currencies of the U.S. and Japan in early European deals on Wednesday.
The loonie reached 6-day lows of 0.9872 against the greenback and 88.99 against the yen around 4:10 am ET.
If the Canadian dollar extends downtrend, likely support levels are seen...
In the early European session on Wednesday, the
pound lost ground against other major currencies as European equities
fell and on Fitch warning of country's possible AAA credit rating
downgrade.
European stocks declined after the World Bank slashed the growth outlook
for the global economy amid slow...
The Japanese yen extended early rally against most major opponents in the European morning session on Wednesday.
Against the pound, greenback and the kiwi, the yen climbed to 1-week highs of 140.65, 87.84 and 73.71, respectively.
The yen advanced to 6-day highs of 116.52 against euro, 92.66 against...
Amid the release of Swiss retail sales for November
at 3.15 am ET Wednesday, the franc advanced further against other major
currencies.
The franc is now trading at 0.9297 against the greenback, 94.87 against
the yen, 1.4893 against the pound and 1.2353 against the euro.
The pound underperformed against the U.S. dollar
ahead of the European session on Wednesday.
The pound fell to a 6-day low of 1.6022 against the greenback, down from
Tuesday's close of 1.6067. The next downside target level for the pound
is likely seen at 1.598.
Ahead of the European session on Wednesday, the Swiss franc climbed against the U.S. dollar, pound and the euro.
The franc edged up to 0.9298 against the greenback, 1.4915 against the pound and 1.2353 against the euro.
Switzerland's Federal Statistical Office is set to release retail sales for November at 3.15 am ET.
Erasing early losses, the Swiss currency advanced
against the British pound in the late Asian session on Wednesday.
The franc that fell to a multi-week low of 1.4987 against the pound
earlier gained 0.26 percent to 1.4948. At Tuesday's close, the pair was
worth 1.4977.
In late Asian deals on Wednesday, the U.S. dollar
edged up against the Canadian currency.
The greenback that closed Tuesday's trading at 0.9844 against the loonie
gained to 0.9859. If the greenback advances further, it may break 0.99
level.
The euro's exchange rate is "alarmingly high" and is
likely to affect the Eurozone economy which is showing signs of
stability, Eurogroup President Jean-Claude Juncker said Tuesday.
While speaking at the annual gathering of business leaders in Luxemberg,
Junker warned that an overvalued euro is likely...
At 12:00 am ET Wednesday, Japan consumer confidence
index for December was released. After the data, the yen changed little
against other major currencies.
The yen is now trading at 88.13 against the greenback, 94.58 against the
franc, 141.56 against the pound and 117.15 against the euro.
At 12:00 am ET Wednesday, Japan consumer confidence
index for December is due. Ahead of the data, the yen strengthened
against other major currencies.
At 11:55 pm ET, the yen was worth 88.12 against the greenback, 94.59
against the franc, 141.56 against the pound and 117.14 against the euro.
The Indian rupee opened lower against the U.S.
dollar on Wednesday as sentiment was impacted by weak global cues.
The rupee that ended Tuesday's trading at 54.625 against the greenback
fell to a 2-day low of 54.7975. The rupee is likely to seek next support
level at 55.00.
The Malaysian Ringgit declined against the U.S.
dollar in the Asian session on Wednesday.
The ringgit that ended yesterday's deals at 3.0120 against the greenback
lost 0.19 percent to hit a 2-day low of 3.0176. The next support level
for the ringgit is seen at 3.03.
The Japanese yen spiked up against other major
currencies in the early Asian session on Wednesday on safe-haven appeal,
as concerns over raising the U.S. debt ceiling limit resurfaced, which
is critical to avoid a potentially disastrous debt default.
The treasury has been employing "extra ordinary...
The euro lost ground against the Australian and New
Zealand dollars in the early Asian session on Wednesday.
The euro that ended yesterday's deals at 1.2598 against the aussie and
1.5851 against the kiwi hit 5-day lows of 1.2571 and 1.5810,
respectively. On the downside, the euro may break 1.255 against...
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