Tuesday, 5 February 2013

RTTNews | Currency Alerts (February 5, 2013).


RTT News: Global Financial Newswires


Currency Alerts


The Indian rupee erased its early morning losses against the dollar in late trading Tuesday as the latter lost ground versus the euro in offshore deals despite some political concerns surrounding the eurozone. Recovery in domestic equities from a fourth straight session drop in the morning after data...

The pound outperformed against most of its major opponents in early deals Tuesday as the British service sector rebounded in January after shrinking in the previous month. The seasonally adjusted purchasing managers' index (PMI) for the service sector came in at 51.5 in January, data from a survey...

Eurostat said in a report that the retail sales in the euro area fell to 0.8 percent month-on-month in December, following a downwardly revised 0.1 percent drop in November. Economists had expected sales to fall 0.5 percent in the month. The euro drifted lower against its major rivals following the...

Extending weakness, the Australian dollar dropped against the New Zealand dollar in early European deals on Tuesday. Presently, the aussie is trading at 1.2320 against the kiwi, down from previous session's 4-day high of 1.2417. The aussie is likely to seek next downside target level at 1.22. The...

Eurostat is set to issue eurozone's retail sales figures at 5:00 am ET. Economists forecast sales to fall 0.5 percent month-on-month in December, following a 0.1 percent rise in November. The euro edged higher against its major rivals ahead of the report. As of 4:55 am ET, the common currency was...

The European currency reversed its direction and gained ground against the Australian dollar in European morning deals on Tuesday. The euro that fell to a multi-day low of 1.2910 against the aussie earlier is now trading higher at 1.3010. The pair was worth 1.2950 at Monday's close. If the euro rises...

The U.K. CIPS/Markit services PMI indicator rose to 51.5 in January from 48.9 in the previous month. The headline index was expected to rise to 49.5 in January. The pound continued to trade higher against its major rivals after the report. As of 4:32 am ET, the British currency was trading at 146.93...

The U.K. CIPS/Markit services PMI is due out at 4:30 am ET. The indicator is forecast to rise to 49.5 in January from 48.9 in December. The pound edged higher against its major rivals ahead of the report. As of 4:25 am ET, the British currency was trading at 146.51 against the yen, 0.8580 against...

The Japanese yen that trimmed its early gains against other major currencies declined further in early European deals on Tuesday. The yen is now trading at 92.68 against the greenback, 102.02 against the franc, 78.34 against the kiwi, 92.86 against the loonie and 96.60 against the aussie, off its...

After the release of final PMI reports from Italy, France, Germany and Eurozone on Tuesday's European session, the euro advanced against other major currencies. The euro is now trading at 1.3534 against the greenback, 0.8590 against the pound, 125.38 against the yen and 1.2296 against the franc.

At 3.45 am ET Tuesday, Italy's services PMI is due. Thereafter, services PMI reports are due from France and Germany. At 4.00 am ET, Markit is slated to release Eurozone's final PMI data. Ahead of these reports, the euro rebounded from early lows against other major currencies. At 3:40 am ET,...

The U.S. dollar pared its early strength against European major currencies in the early European session on Tuesday. The greenback is now trading at 0.9096 against the franc and 1.5754 against the pound, compared to early highs of 0.9117 and 1.5730, respectively. Against the euro, the greenback...

In the early European session on Tuesday, the euro extended decline against most major currencies amid mounting political uncertainty in Spain and Italy. The euro fell to a 5-day low of 124.04 against the yen and a 3-week low of 1.2259 against the franc, compared to Monday's close of 124.86 and...

Paring early gains, the euro weakened against the New Zealand dollar ahead of the European session on Tuesday. The euro fell to an 11-day low of 1.5978 against the kiwi and the next downside target level for the euro-kiwi pair is seen at 1.59. The pair closed yesterday's deals at 1.6032.

Amid the release of Switzerland's foreign trade data for December at 2.00 am ET Tuesday, the franc changed little against other major currencies The franc is now trading at 0.9108 against the greenback, 101.39 against the yen, 1.4333 against the pound and 1.2267 against the euro.

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