Friday, 18 January 2013

RTTNews | Currency Alerts (January 18, 20139).


Currency Alerts


In the early European session on Friday, the pound declined against most major currencies following the release of country's weaker-than-expected retail sales data for December. Data from the Office for National Statistics showed that U.K. retail sales, including automotive fuel, dropped unexpectedly...

Amid the release of U.K. retail sales for December at 4.30 am ET Friday, the pound slipped further against other major currencies. The pound is now trading at 1.5934 against the greenback, 143.07 against the yen, 1.4900 against the franc and 0.8373 against the euro.

The euro retraced early gains against other major currencies in early European deals on Friday. The euro is trading at 1.3343 against the greenback, off its early 4-day high of 1.3399. Against the franc, yen and the pound, the euro is worth 1.2466, 119.79 and 0.8367, reversing from early multi-month...

At 4.30 am ET Friday, U.K. retail sales for December are due. Ahead of the data, the pound showed mixed trading against other major currencies. While the pound recovered slightly against the euro, it slipped against the rest of major currencies. At 4:25 am ET, the pound was worth 1.5947 against the...

In early European deals on Friday, the U.K. currency declined against the U.S. dollar. The pound fell to near a 2-month low of 1.5941 against the greenback with 1.59 seen as the next support level. The pair ended yesterday's trading at 1.5994.

Extending rally, the U.S. dollar firmed against the Canadian dollar in European morning deals on Friday. The greenback rose 0.4 percent to 0.9898 against the loonie, its strongest level since January 4. If the greenback extends gain, it may break 0.992 level. The pair closed yesterday's trading at 0.9859.

The euro proceeded with early gains against the U.S. dollar ahead of European deals on Friday. The euro climbed to a 4-day high of 1.3399 versus the greenback, compared to yesterday's close of 1.3375. On the upside, the euro may break 1.345 level.

Extending gain, the euro advanced against the Canadian dollar ahead of the European session on Friday. The euro approached a 9-month high of 1.3222 against the loonie, compared to yesterday's close of 1.3188. The next upside target level for the euro is seen at 1.33.

The euro spiked up against other other major currencies in the Asian session on Friday as encouraging economic data out of the U.S. and China boosted investor sentiment. The latest figures from the National Bureau of Statistics revealed that the Chinese economy expanded 7.9 percent year-on-year in...

The Japanese yen drifted lower against the U.S. dollar and the euro on Friday in Asia. The yen fell to a 2-1/2-year low of 90.21 against the greenback, compared to Thursday's close of 89.88. Against the euro, the yen that closed yesterday's deals at 120.21 fell to more than a 1-1/2-year low of 120.73.

In early deals on Friday, the Indian rupee strengthened against the U.S. dollar as the government's decision yesterday to deregulate diesel prices improved investor sentiment. Indian markets are trading higher as encouraging economic data out of the U.S. and China eased worries about the global economic...

In the Asian session on Friday, the Swiss franc underperformed against other major opponents as easing Eurozone worries prompted traders to reduce holdings of safe-have assets. Investor sentiment was lifted by successful Spanish debt auction yesterday. The Spanish borrowing costs declined below 5.7...

The Australian dollar lost ground against the European currency in Asia on Friday. The aussie fell to 1.2729 against the euro, its lowest level since January 2. On the downside, the aussie may break 1.28 level. The pair closed Thursday's trading at 1.2686.

The Singapore dollar slipped against the U.S. dollar in the Asian session on Friday. The Singapore dollar depreciated by 0.16 percent to a 2-day low of 1.2256 against the greenback, compared to Thursday's close of 1.2236. On the downside, the Singapore dollar may break 1.23 level.

During the early Asian session on Friday, the U.S. dollar gained against the Canadian dollar. The greenback that finished Thursday's deals at 0.9859 against the loonie rose 0.15 percent to 0.9874. The next upside target level for the greenback is seen at 0.99.

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