The Indian rupee touched a weekly high of 53.5455
against the US dollar on Tuesday after the Reserve Bank of India reduced
repo rate by 25 basis points for the first time in nine months to
support the government's renewed thrust to the reforms agenda.
The central bank also unexpectedly reduced the...
The euro resumed its Asian session sell-offs against
other major currencies in early European deals Tuesday despite a report
showed that the German consumer sentiments for February improved more
than the market predictions.
The common currency failed to hold last week's bigger rallies as the
market...
In European morning deals on Tuesday, the U.S.
dollar slipped against the British pound.
The greenback that closed Monday's deals at 1.5697 against the pound
declined to 1.5724 at 3:40 am ET. The next support level for the
greenback is seen at 1.575.
Ahead of the European session on Tuesday, the
Australian dollar proceeded with early rally against the euro, U.S. and
Canadian dollars.
The aussie is now trading at 4-day highs of 1.0464 against the
greenback, 1.2841 against the euro and 1.0524 against the loonie.
If the aussie rises further, it...
After moving broadly sideways in the Asian session,
the Swiss franc resumed its overnight uptrend against the pound just
ahead of Tuesday's European trading.
The franc touched 1.4532 against the pound around 2:25 am ET, its
strongest level since April 2012. The next key level to watch for the
franc...
The Indian rupee continued its recent strength
against the U.S. dollar on Tuesday as sentiment improved after country's
central bank reduced its key interest rates by 25 basis points.
The rate cut was aimed to underpin growth, although inflation remains at
higher level.
The Reserve Bank of India,...
The euro halted its recent downtrend against most of
its major rivals following the release of Germany's Gfk consumer
confidence for February and import price data for December at 2:00 am
ET.
As of 2:04 am ET, the common currency was trading at 121.93 against the
yen, 1.2450 against the Swiss franc,...
In the late Asian session on Tuesday, the Swiss
franc gained ground against most major opponents.
The franc climbed to 4-day highs of 1.2443 against the euro and 0.9258
against the greenback with 1.24 and 0.92, respectively seen as the next
upside target level.
Against the Sterling, the franc gained...
The euro edged lower against its major rivals ahead
of the German data, which is due out at 2:00 am ET. As of 1:55 am ET,
the common currency was trading at 121.93 against the yen, 1.2450
against the Swiss franc, 0.8565 against the pound and 1.3440 against the
dollar.
Traders await Germany's GfK consumer...
The Indian rupee advanced against the U.S. dollar in
late morning trading on Tuesday after the Reserve Bank of India slashed
repo rate by 25 basis points to 7.75%.
The central bank also reduced the cash reserve ratio to 4.00% from
4.25%. The reverse repo rate was cut by 25 basis points to 6.75%,
same...
Reversing path, the Japanese yen slipped against
other major currencies in the Asian session on Tuesday.
The yen is now trading at 94.96 against the aussie, 76.09 against the
kiwi, 90.48 against the loonie and 98.20 against the franc, retracing
early highs of 94.21, 75.37, 89.89 and 97.63, respectively.
Against...
The New Zealand dollar climbed against most major
opponents in the early Asian session on Tuesday as Asian stocks gained
following better-than-expected U.S. durable goods orders as well as
business confidence index from Australia and South Korea.
The kiwi saw firm demand after country yesterday posted...
The Canadian dollar advanced against most major opponents in the early Asian session on Tuesday.
The loonie is now trading at 90.38 against the yen, reversing from an early low of 89.89.
Against the greenback and the euro, the loonie strengthened to 4-day highs of 1.0053 and 1.3523, respectively....
The Australian dollar strengthened against other
major currencies in early Tuesday Asian deals after a report showed that
NAB business confidence improved in December.
Data from National Bank of Australia showed that business confidence
index rose to +3 from -9 in November.
Business conditions...
The dollar is currently trading with mixed results at the start of the
new trading week. The U.S. currency is relatively flat in comparison to
the Euro, but is gaining ground against the pound sterling. The buck is
also slightly lower compared to the Japanese Yen
With orders for transportation equipment...
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