The pound jumped the most in nine months against the dollar this week as a government report showed the U.K. economy avoided a recession last quarter, damping speculation the Bank of England will boost stimulus. Sterling strengthened versus all except
Friday, the Japanese yen resumed its overnight gains across the board in the Asian session as the Bank of Japan decided in a unanimous vote to keep its monetary policy steady and reiterated its intention to conduct money market operations to increase the
The U.S. dollar tumbled against the yen on Friday after the Bank of Japan left its monetary policy unchanged, while benchmark U.S. bond yields fell to near 4-1/2-month lows after the U.S. economy grew less than expected in the first quarter. The
The Canadian dollar hit its strongest level in nearly two weeks versus the U.S. dollar on Friday after data showed U.S. economic growth sped up in the first quarter but not by as much as had been expected. The U.S. dollar tumbled against the yen after
The dollar fell versus the majority of its 16 most-traded peers after U.S. gross domestic product increased less than forecast in the first quarter, adding to concern the world’s biggest economy is struggling to grow. The yen climbed against the
The dollar fell versus the yen on Friday, pulling away from a four-year high struck earlier this month, with traders citing profit-taking and yen-buying by Japanese exporters as currency markets turned their attention to the outcome of the Bank of Japan
The euro edged lower against the dollar but held above a near three-week low on Wednesday as hopes that Italy can resolve its political gridlock were trumped by weak German data that fanned talk of a European Central Bank rate cut. The euro fell for a
The AUD/JPY is currently trading down 48 pips at 101.73. Earlier in the session, the pair had traded as high as 102.37 before the Aussie CPI (yoy) was released at 2.5% actual vs. 2.8% forecast. Over the last 5 sessions, the pair has been consolidating in
The USD/JPY closed the day up 7 pips at 99.37. The pair traded in a wide range, initially selling off after the China PMI data, and then ducking as low as 98.48 during the European session after the German PMI release. However, dip buyers stepped in at
The Indian rupee firmed up further by three paise to 54.19 against the American currency in the late morning trade on persistent selling of dollars by banks and exporters in view of weakness of dollar overseas. Sustained capital inflows from foreign