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USDJPY-021016.jpg The dollar is extending its losing streak against the Japanese Yen Wednesday afternoon and is also down against the British pound. However, the U.S. currency is holding onto a slight gain against the Euro. The weakness in the dollar appears to be due to hypothesis that the Fed will not be able to raise...

The euro slipped against its major rivals in European deals on Wednesday, as the Fed Chairwoman Janet Yellen warned that financial conditions "have become less supportive to growth," which could weigh on the outlook for economic activity, if it persists. In testimony prepared for delivery to the House...

The Canadian dollar advanced against its most major rivals in European deals on Wednesday, as oil prices rallied after Iran signaled that it is ready for cooperation with OPEC nations to resolve the problem of global oversupply of oil. "We support any form of dialogue and cooperation with OPEC member...

The pound was trading in a positive territory in European trading on Wednesday, as European shares rose on the back of positive corporate earnings and M&A activity. Investors also cheered the rebound in oil, after news that Iran is ready to talk with Saudi Arabia over the current conditions in international...

The New Zealand dollar continued to be higher against the U.S. dollar in European deals on Wednesday. The kiwi climbed to a 5-day high of 0.6671 against the greenback, compared to 0.6631 hit late New York Tuesday. The next possible resistance for the kiwi-greenback pair is seen around the 0.68 zone.

The Canadian dollar traded higher against most major opponents in early European deals on Wednesday. The loonie bounced off to 83.06 against the yen, reversing from a low of 82.11 hit at 11:30 pm ET. The loonie rose to 1.3844 against the greenback and 1.5579 against the euro, from its early low...

At 4:30 am ET Wednesday, the Office for National Statistics issued U.K. industrial production figures for December. After the data, the pound changed little against its major rivals. As of 4:31 am ET, the pound was trading at 0.7770 against the euro, 1.4112 against the Swiss franc, 1.4484 against...

At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to issue U.K. industrial production figures for December. Output is forecast to remain flat in December after falling 0.7 percent in November. Ahead of the data, the pound rose against its major rivals. As of 4:25 am ET,...

The Swiss franc weakened against most major currencies in the early European session on Wednesday. The Swiss franc fell to 0.9748 against the U.S. dollar and 117.65 against the yen, from early highs of 0.9709 and 118.44, respectively. Against the pound, the franc edged down to 1.4127 from an early...

Reversing direction, the euro dropped against the U.S. dollar and the pound in early European deals on Wednesday. The euro dropped to 0.7768 against the pound and 1.1257 against the greenback, from its early highs of 0.7819 and 1.1311, respectively. The next possible support for the euro may be found...

The New Zealand dollar came off from its early lows against most major rivals in pre-European deals on Wednesday. The kiwi was trading at 0.6627 against the greenback, 76.10 against the yen and 1.7103 against the euro, up from its early lows of 0.6605, 75.51 and 1.7015, respectively.

The Australian dollar recovered from early lows against the other major currencies in the pre-European session on Wednesday. The Australian dollar rose to 1.5937 against the euro and 81.26 against the yen, from early lows of 1.6061 and 80.47, respectively. Against the U.S., the New Zealand and...

The Singapore dollar strengthened against the U.S. dollar in the Asian session on Wednesday. Against the greenback, the Singapore dollar rose to more than a 2-month high of 1.3930 from an early low of 1.3978. At yesterday's close, the Singapore dollar was trading at 1.3959 against the greenback. If...

The Indian rupee strengthened against the U.S. dollar in the morning deals on Wednesday. Against the greenback, the rupee rose to a 2-day high of 67.8550 from an early low of 67.9800. At yesterday's close, the rupee was trading at 67.9200 against the greenback. If the rupee extends its uptrend,...

Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Wednesday amid rising risk aversion, as worries about global economic growth continued to weigh on investor sentiment. Concerns about the health...

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