Greenback rally extends into 3rd consecutive day

​​The Greenback correction continued Thursday with the Bloomberg dollar spot index advancing for a third consecutive day. Fewer jobless claims and a reported increase in national economic activity according to the Fed Reserves Bank of Chicago helped bolster market confidence sparking a risk on rally. A week of stable and strengthening US data sets supports an overall stronger US economy and view that the recovery can withstand

US dollar near two-week peak on earnings, Fed meeting

​​The US dollar traded at 0.2% from a two-week high against the Japanese yen before the Federal Reserve’s meeting next week and as US equities escalated on cues the world’s biggest economy would endure sluggish global growth. ​The greenback was at ¥108.18 at 8:56 a.m. in Tokyo following it climbed 1.1% yesterday and touched

Japanese yen plunges on strong US earnings

​​The Japanese yen sank at two-week troughs versus the US dollar early Friday, coming under renowned pressure overnight following an encouraging surge on Wall Street diminished demand for the safe haven currency. ​The yen traded at ¥108.19 per greenback. Against the euro, it was at ¥136.88. The currency traded at ¥95.00 to the Australian dollar.

Economic Indicator News »

Bank's Business Confidence in Australia unchanged

The NAB in Australia reported that Bank's Business Confidence during third...

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6

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6

Economic Indicator News »

Manufacturing Index in China came better than expected

The HSBC Manufacturing Purchasing Managers Index (PMI) released by the Markit...

Actual

50.4

Forecast

50.3

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50.2

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Fundamental

US dollar near two-week peak on earnings, Fed meeting

​​The US dollar traded at 0.2% from a two-week high against the Japanese yen before the Federal Reserve’s meeting next week and as US equities escalated on cues the world’s biggest economy would...


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Technical

Euro turned lower once more after Mario Draghi

​​Having squeezed a little higher to reach 1.2715 on Friday, the Euro turned lower once more, finishing the week near its session lows of 1.2609 after Mario Draghi reiterated that the EZ economic...