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...
The Canadian dollar edged lower against its major counterparts in early New York trading on Tuesday as the price of crude oil continued to trade lower ahead of remarks by Federal Reserve Chairman Ben Bernanke, who is due to testify before the Joint Economic Committee of Congress on Wednesday. Bernanke's...
The pound extended its post-UK inflation decline against the US dollar ahead of Tuesday's North American deals, falling to nearly a 7-month low of 1.5139 around 6:35 am ET.
The cable continued to stay below the 1.5150 level since then, with 1.51 is seen as the next likely support level in the near-term.
The European currency showed mixed trading in early deals on Tuesday. While the euro edged higher against the pound as the latter slid on slower-than-expected inflation rate in the U.K. in April, it drifted weaker against the rest of majors on weak European equities.
European stocks are trading lower...
The Japanese yen continued downtrend against the Swiss franc in early European deals on Tuesday.
The yen fell to a 4-day low of 106.23 against the franc, easing from an early high of 105.64. The yen may face support around 107.00 level. At Monday's close, the pair traded at 105.78.
The pound slipped against other major currencies in the European morning session on Tuesday as U.K. consumer price inflation slowed more than expected in April, reaching its lowest since September.
Annual inflation fell to 2.4 percent from 2.8 percent in March, the Office for National Statistics said....
U.K. consumer price index rose 0.2 percent on month and 2.4 percent on year, compared to expectations of an increase of 0.4 percent and 2.6 percent, respectively. In March, CPI rose 0.3 percent on month and 2.8 percent on year. Core CPI rose 2 percent in April, versus expectation of 2.3 percent and slower-than...
At 4.30 am ET, the Office for National Statistics is set to release U.K. consumer and producer price figures. Annual inflation is forecast to slow to 2.6 percent in April from 2.8 percent in March.
Output prices are forecast to fall to 1.4 percent in April from 2 percent in March. Similarly, input...
The Japanese yen extended fall against its Canadian counterpart ahead of the European session on Tuesday.
The yen fell to a 4-day low of 100.16 against the loonie, reversing from near 2-week high of 99.16 reached on Monday. The yen may break support around 101.00 level.
The Swiss franc erased some of its intra-day losses against other major currencies towards the end of Tuesday's Asian session.
The Switzerland currency climbed to 106.07 against the yen and 0.9671 against the dollar around 2:45 am ET from previous lows of 105.64 and 0.9703, respectively.
The franc...
Erasing early decline, the Australian dollar climbed against most major currencies ahead of European deals on Tuesday.
The aussie climbed to a 5-day high of 0.9835 against the greenback and a 6-day high of 1.0079 versus the loonie, reversing from early lows of 0.9751 and 1.0015, respectively.
The...
Amid the release of German producer price figures at 2:00 am ET Tuesday, the euro showed mixed trading against other major currencies. While the euro changed little against the yen, it was slightly down against the rest of major currencies.
The euro is now worth 1.2887 against the greenback, 0.8450...
At 2:00 am ET Tuesday, Destatis is scheduled to release Germany's producer price figures. Economists forecast producer price inflation to ease to 0.2 percent in April from 0.4 percent in March.
Ahead of the data, the euro held steady against other major currencies.
As of 1:55 am ET, the euro traded...
The New Zealand dollar gained ground against most major currencies in late Asian deals on Tuesday.
The kiwi climbed to 5-day highs of 0.8204 against the greenback,1.5708 against the euro and 84.07 against the yen. If the kiwi rises further, it may find target around 0.825 against the greenback, 85.00...
Japanese economy minister Akira Amari said on Tuesday that the currency levels are expected to reach a balance corresponding to the relative strength of the Japanese economy and the market will find a stable point between currency's impact on exports and imports.
During a press conference after the...