17-nation currency gains to strongest level in seven weeks

Source: Bloomberg
© Scanpix/Associated Press
The Euro touched the strongest level in seven weeks versus the greenback as German exports outpaced imports beating the expectations and that indicated on nation's economic recovery. The Euro traded at $1.3342 by 7:28 a.m. London time after it reached $1.3353 on Wednesday, while the shared currency was at 128.52 Yen. 
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Thu, 08 Aug 2013 08:23:20 GMT

Greenback falls to lowest level in more than a month

The Dollar Index has fallen to the lowest level since the middle of June and that may lead to advance in the closest time. The measure that monitors the U.S. Dollar versus the six nation's major trading partners has dropped 4.1% to 81.272 since previous month's strongest level of 84.753 at the beginning of it. The decline has slowed down,

Wed, 07 Aug 2013 19:04:15 GMT

Pound at six-week high after BoE inflation report

British Pound advanced after the Bank of England released its inflation report. The Pound added 1% to $1.5501 against the greenback. The currency's gain had been boosted by Mark Carney' statement that QE will continue as long as unemployment is above 7%. The BoE will tolerate five basis points above the 2% inflation target.

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