The Swiss franc edged sharply lower against its major rivals in early deals on Wednesday following the publication of SNB President Thomas Jordan's Tuesday's remarks on EUR/CHF floor rate.
According to Jordan, the floor rate of 1.20 will be maintained by the Swiss National Bank as long as necessary....
The Swiss franc edged sharply lower against its major rivals in early deals on Wednesday following comments made by the Swiss National Bank President Thomas Jordan that the central bank would maintain the EUR/CHF 1.20 floor rate as long as necessary.
The franc dropped to 1.2579 against the euro following...
The British pound came under pressure in early European deals on Wednesday, after U.K. retail sales fell unexpectedly in April and as minutes from Bank of England's May 9 meeting showed that the call for additional stimulus by governor Mervyn King was overturned by other policymakers for the fourth consecutive...
The minutes of the Bank of England's monetary policy committee meeting held on May 9, the U.K. retail sales and public finances data for April have been released at 4:30 am ET Wednesday.
The pound edged sharply lower against its major counterparts after the data. As of 4:32 am ET, the British currency...
At 4:30 am ET, the minutes of the Bank of England's monetary policy committee meeting held on May 9 is due. At the rate-setting meeting, policymakers decided to keep the interest rate at 0.50 percent and quantitative easing at GBP 375 billion.
In the meantime, the Office for National Statistics is...
The euro continued uptrend against the Canadian dollar in European morning session on Wednesday.
The euro advanced to 1.3301 against the loonie for the first time since May 2. If the euro climbs further, it may breach resistance around 1.335 level. At Wednesday's close, the pair traded at 1.3250.
The seasonally adjusted current account figures from the European Central Bank showed a surplus of EUR 25.9 billion in March following a revised surplus of EUR 14.6 billion in February.
The euro remained firmer against its major counterparts after the report. As of 4:05 am ET, the common currency...
The European currency extended early rally against the Australian dollar in early European deals on Wednesday.
The euro advanced to 1.3247 against the aussie, a level not seen since November 2011. This is up 0.65 percent from Tuesday's close of 1.3162. If the euro extends uptrend, it may find resistance...
The European Central Bank is slated to release current account figures for March at 4:00 am ET. The Eurozone surplus totaled EUR 12.1 billion in February.
The euro edged higher against its major counterparts ahead of the report. As of 3:55 am ET, the common currency was trading at 1.2942 against the...
The New Zealand dollar drifted lower against most major currencies ahead of European deals on Wednesday.
The kiwi eased from early highs of 83.83 against the yen and 0.8177 against the greenback and is trading at 83.52 and 0.8144, respectively.
The kiwi fell to a 2-day low of 1.5865 against the...
The Australian dollar slipped against the Canadian and U.S. currencies in late Asian deals on Wednesday.
The aussie is now trading at 0.9769 against the greenback and 1.0042 against the loonie, down from Tuesday's close of 0.9803 and 1.0068, respectively. The next downside target level for the aussie...
The Japanese yen trimmed early losses against other major currencies on Wednesday after the Bank of Japan decided to keep its monetary easing program in tact, as it seeks to attain a 2 percent inflation goal in two years.
Reaffirming its latest easing measures, the central bank's Policy Board said...
As expected, the Bank of Japan retained interest rates at 0.10 percent. After the announcement, the yen showed mixed trading against other major currencies. While the yen changed little against the franc, it gained slightly against the rest of major currencies.
The yen is now trading at 102.48 against...
The European currency strengthened against other major currencies in Asian morning deals on Wednesday as investor sentiment improved following comments from Fed officials that eased concerns about the central bank paring back its asset purchase program.
While speaking at Frankfurt on Tuesday, St....
The dollar was up against all of its major competitors in early trade Tuesday, but has recently reversed direction and is now down against the Euro on the day. St. Louis Federal Reserve Bank President James Bullard stated today, during a speech to an economic conference in Frankfurt, that the Federal...