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The U.S dollar slipped against the pound in the early European session on Thursday. The U.S dollar dropped to 1.6842 against the pound, lowest since November 2009. The pair closed yesterday's deals at 1.6796. If the greenback extends its downtrend, it is likely to face support around the 1.70 area.

The U.S. dollar dropped against the Swiss franc in early European deals on Thursday. The greenback reached as low as 0.8790 against the franc, compared to yesterday's closing quote of 0.8815. On the downside, 0.87 is likely seen as the next support level for the greenback.

The U.S. dollar dropped against the euro ahead of European deals on Thursday. The greenback that closed yesterday's deals at 1.3814 against the euro declined to 1.3844. The next possible downside target for the greenback lies around the 1.39 mark.

Following the release of German PPI for March at 2:00 am ET Thursday, the euro showed mixed trading against other major currencies. While the euro changed little against the greenback and the pound, it ticked down against yen and the franc. The euro was trading at 1.3842 against the greenback, 0.8224...

German producer prices for March are due at 2:00 am ET Thursday. Ahead of the data, the euro showed mixed trading against other major currencies. While the euro ticked down against the franc, it held steady against the rest of major currencies. The euro was quoted at 1.3839 against the greenback,...

The Singapore dollar retreated from an early high against the U.S dollar in the late Asian session on Thursday. The Singapore dollar was trading at 1.2506 versus the greenback, off early 3-day high of 1.2485. If the Singapore dollar extends its downtrend, it is likely to face support around the 1.26 area.

The Malaysian ringgit retreated from an early high against the U.S dollar in the Asian session on Thursday. The Malaysian ringgit was trading at 3.2425 versus the greenback, off early 6-day high of 3.2343. If the Malaysian ringgit extends its downtrend, it is likely to face support around the 3.26 area.

The Yuan strengthened against the U.S dollar in the Asian session on Thursday. The yuan climbed to a 2-day high of 6.2188 against the U.S dollar, from yesterday's closing quote of 6.2207. If the yuan continues its uptrend, it is likely to find resistance around the 6.09 area. The People Bank...

Japan's consumer confidence data for March was realeased at 1:00 am ET Thursday. Following the data, the Yen changed little against the major currencies. At 1:03 am ET, the Yen was trading at 141.20 against the Euro, 171.71 against the Pound, 115.93 against the Swiss franc and 102.04 against the U.S dollar.

Japan's consumer confidence data for March is due at 1:00 am ET Thursday. The index is seen to increase to 40.2 in March from 38.3 in February. Ahead of the data, the Yen held steady against the major currencies. At 12:55 am ET, the Yen was trading 141.23 at against the Euro, 171.73 against the...

The Canadian dollar gave up early gains against other major currencies on Wednesday as the Bank of Canada maintained interest rates at 1 percent. However, the bank noted that a lower exchange could provide more support to exports. The bank observed that country's inflation remains low. Core inflation...

As expected, the Bank of Canada retained interest rates at 1:00 percent. Following the announcement, the loonie retreated from early highs against other major currencies. The loonie was trading at 1.0290 against the aussie, 1.5204 against the euro, 93.01 against the yen and 1.0994 against the greenback...

At 10:00 am ET Wednesday, the Bank of Canada will announce its decision on interest rates. The central bank is seen holding rates at 1.00 percent. Ahead of the announcement, the loonie showed mixed trading against other major currencies. While the loonie moved steadily against the aussie, it climbed...

Reversing direction, the Canadian dollar climbed against the euro in New York deals on Wednesday. The loonie climbed to 1.5161 against the euro, off early multi-day low of 1.5231. The next possible upside target for the loonie is seen around the 1.50 zone.

Following the release of U.S. industrial production data for March at 9:15 am ET Wednesday, the greenback gained against its major counterparts. The greenback was trading at 1.3826 against the euro, 1.6800 against the pound, 0.8803 against the franc and 102.29 against the yen around 9:17 am ET.