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Euro Hits Fresh 1-Month High After German Inflation Data

The dollar rose above 102.00 yen for the first time since May 29, while the euro flirted with the key $1.36 handle and hit a new four-year high within striking distance of 139.00 yen. The euro gained 0.1% after briefly trading to a fresh one-month high of $1.3617 and reached its highest against the yen since June 2009 at 139.16 yen. Lending support to the euro was German CPI data which...

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November 28, 2013 @ 2:25 pm

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Aussie Powers Through & Dollar Hits New 6-Month High Against Yen

The best performing currency during Thursday’s Asian session was the Australian dollar which jumped against its US counterpart after strong Australian business spending data. Private Capital Expenditure increased by 3.6% quarter-on-quarter despite expectations for a decline by 1.1%. AUDUSD rallied to a high of $0.9139 after the data from $0.9076 beforehand, and ended the session with a 0.5%...

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November 28, 2013 @ 8:29 am

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Sterling and Euro Outperform Vs US Dollar

The main currency of the day was the sterling which outperformed against the dollar and euro, as well as against the yen after being boosted by strong UK second quarter growth data. While the second reading was in line with expectations, gives encouraging signs of a steady recovery in the UK economy. Q2 GDP rose at a 0.8% rate quarter-on-quarter, which was the quickest pace in over three...

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November 27, 2013 @ 2:20 pm

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Euro Steady Around $1.35

The euro was stronger today particularly against the dollar and the pound. While there were no economic data releases today from the Eurozone to explain the move, there were some headline news which affected sterling and dollar. With regards to sterling, the main focus today was on the Bank of England inflation report hearings during which Governor Mark Carney gave his testimony in the UK...

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November 26, 2013 @ 3:04 pm

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