Last week saw NZD/USD trade inside a 175-pip channel between 0.8240 and 0.8415 and, at the start of trading this week, the paring has opened at the top of the range. "Interesting enough this pair kept making new highs last week and I believe this will
The yen is weaker against its Australian counterpart at the weekly opening after the People's Bank of China (PBoC) announced on Saturday a cut to banks' reserve requirements in a bid to spur growth in the world's second largest economy, curbing demand
The surprise over the weekend came not from Greece, for a change, but from China, which announced a 50bp reduction in the Reserve Ratio Requirement for banks. This is expected to add some Yuan 360-400 bln of additional liquidity into the local banking
EUR/USD remains well bid in Asia-Pacific so far currently at 1.3209, coming from session highs at 1.3237 early in the trade. Quiet since first touched the 1.3205 after reaching mentioned highs, minutes after Tokyo opened, the pair has been range trading
The pound ended the week close to a one-week high against the U.S. dollar on Friday, boosted by an unexpected increase in U.K. retail sales, but gains were capped amid uncertainty over a second bailout deal for Greece. GBP/USD hit 1.5862 on Friday, the
Exchange rate of the US dollar against the Kuwaiti dinar was unchanged at KD 0.277, while the euro was at KD 0.365 at the beginning of this week's trading, said the daily bulletin of the Central Bank of Kuwait (CBK) on Sunday. The exchange rate of the
Taking a nap for a week, the rupee continued its north-bound journey and closed the week up by 15 paise at 49.27/28 against the Greenback on hefty capital inflows in distinctly firm local stocks amid sustained dollar selling by exporters and some banks.
The ringgit is likely to trade between 3.06 and 3.07 against the greenback as players track progress and developments in Greece, dealers said. They said the market would react next week to the announcement to be made by Greek officials during the
Better-than-expected U.S. economic data boosted the dollar against the yen and helped the euro pare losses against the greenback, but analysts said continued worries about the Greek debt crisis could keep investors wary. The dollar hit its highest level
The U.S. dollar hit its highest against the yen since late October after better-than-expected U.S. economic data on Thursday. The dollar traded as high as 78.94 yen, its highest since Oct. 31, when Japan intervened unilaterally in foreign exchange