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Euro Gains In Early Session After Sharp Friday Decline

The Euro gained a bit of ground on the US dollar in early trading, after a hefty fall on Friday when encouraging US data was released, with better than expected figures on retail sales and consumer sentiment in the US. The Euro stood at 1.1317 dollars at 9AM, versus 1.1309 dollars on Friday close. The [...]

exchange rates news

Euro Gains In Early Session After Sharp Friday Decline

The Euro gained a bit of ground on the US dollar in early trading, after a hefty fall on Friday when encouraging US data was released, with better than expected figures on retail sales and consumer sentiment in the US. The Euro stood at 1.1317 dollars at 9AM, versus 1.1309 dollars on Friday close. The [...]

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Euro Holding Firm But Yen Weakens On Further Intervention Talk

In early trading on Tuesday euro held firm against the US dollar amid renewed discussions on Greece, the US dollar however rallied against a weaker yen as the sound bites from Tokyo suggesting that the Bank of Japan is prepared to intervene in the currency market. The dollar gained ground yesterday against the yen rising [...]

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GBP Surges To Highs and Possible Yen Intervention

Another bullish week for GBPUSD ended with a strong second half pushing the rate up to the high of early February 2016. Ending the week at 1.4610, this was sharply higher from the low of 1.4400 on Monday, and bodes well for the British Pound in the coming weeks. Whilst there was some disappointing data, [...]

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Euro Exchange Rate Weaker, As Data in The US Adds Pressure

On the foreign exchange market today, the Euro exchange rate retraced much of yesterday’s gains (+ 0.56%) after disappointing US statistics released. In a timely manner, right on the eve of the meeting of the ECB, the euro fell 0.31% to 1.0594 dollars, the low level of Friday night. The currency has also fallen against [...]

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Pound Holding Steady Despite Concerns Over Steel Industry

As traders await British government spending data, the Pound is holding steady versus most of its major peers. A slight lean towards depreciation can be attributed to ongoing concern regarding the UK steel industry. With an influx of cheap steal from China pricing British manufacturers out of the market, as many as 1 in 6 [...]

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UK Unemployment Falls and Pound Responds

The surprising slide in the UK’s unemployment rate gave the Pound a notable boost on Wednesday and the British currency was able to carry these gains through to Thursday. Both the GBP/EUR and GBP/USD exchange rates were trending in a stronger position, with investors speculating that the erosion of slack in the UK’s labour market [...]

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