Sterling struck seven-month lows against the dollar on Monday, as a Bank of England policymaker said that the pound may need to weaken further. Read More Sterling strikes sevenmonth lows amid calls for further weakness
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The British Pound is looking to minutes from February’s BOE meeting for directions. The weekend’s G20 meeting may offer a respite from recent selling. Read More British Pound Outlook Bearish Amid Further Easing Concerns
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The Japanese yen extended its tumble today, reaching the lowest level since June 2010 against the US dollar and the lowest since April 2011 versus the euro, as persistent deflation spurred talks that policy makers have no other choice than to continue introducing monetary easing measures, weakening the currency.(…)Read the rest of Yen Tumbles amid Persistent Deflation (87 words) Posted on Forex News. Read More [...]
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The pair is expected to find support at 1.5734, and a fall through could take it to the next support level of 1.5696. The pair is expected to find its first resistance at 1.5831, and a rise through could take it to the next resistance level of 1.5890. Read More GBP USD Pound Trading Lower [...]
Posted in FX News | Tagged amid, disappointing, gbpusd, gdp, lower, morning, numbers, of, pound, q4, speculation, this, trading |
FXstreet.com (C?rdoba) – The US dollar continues gaining ground as stocks extend their slide in… For more information, read our latest forex news. Read More Forex USD extends gains amid fiscal cliff concerns
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Our attention is drawn to a future BoE governor, which when combined with the near-term fundamental backdrop necessarily suggests a “neutral” rating for the British Pound for the next week. Read More Forex British Pound to Steady Amid Mixed CPI, BoE Minutes
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The US dollar erased its yesterday’s gains and remained soft today on hopes that the US politicians will make progress in talks about ways to avoid the fiscal cliff. The dollar was stronger versus the Japanese yen.(…)Read the rest of Dollar Weak amid Hopes for Avoiding Fiscal Cliff (104 words) Posted on Forex News. Read More Dollar Weak amid Hopes for Avoiding Fiscal Cliff
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The Canadian dollar fell versus the US dollar and the Japanese yen yesterday and kept its losses today amid fears of the fiscal cliff in the United States. Earlier, the currency advanced on the positive market sentiment. The loonie remained strong against the euro.(…)Read the rest of Canadian Dollar Erases Gains amid Fears of US Fiscal Cliff (112 words) Posted on Forex News. Read More Canadian Dollar Erases Gains [...]
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The South Korean won declined today as the risk aversion on the Forex market deterred traders from higher-yielding assets of emerging economies, including the South Korean ones.(…)Read the rest of South Korean Won Soft amid Poor Market Sentiment (55 words) Posted on Forex News. Read More South Korean Won Soft amid Poor Market Sentiment
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The Japanese yen rebounded today even as investors continued to bet on an intervention from the Bank of Japan. Earlier, the currency reached the lowest level since July against the US dollar and the lowest since May versus the euro.(…)Read the rest of Yen Rebounds Even Amid Intervention Speculations (106 words) Posted on Forex News. Read More Yen Rebounds Even Amid Intervention Speculations
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