Euro rebounds after hitting 3-month low

Source: Reuters
The European currency slightly advanced on Wednesday trading session recovering from the weakest level in three months recorded yesterday after the European Central Bank President Mario Draghi showed discomfort with the weak level of inflation and signaled policy action on the next meeting. The Euro added to $1.3636, up from 3-month low of $1.3612 hit on Tuesday.

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Wed, 28 May 2014 08:57:03 GMT

Kiwi falls as business sentiment drops in May

The New Zealand's currency declined on Wednesday trading session easing from yesterday's level after a private report showed that the country's business confidence dropped to the lowest level in a seven-month period. The so-called Kiwi fell 0.2% to $0.8545, however technical analysts see the currency on the market's support level.

Wed, 28 May 2014 08:35:04 GMT

U.S. Dollar trades near 8-week high

The U.S. currency traded steady earlier on Wednesday trading session and fluctuated near the highest level in eight weeks versus its most-traded peers after it strengthened yesterday on favourbale economic data. The U.S. Dollar index was last seen at 80.340 following an increase to 80.470, the strongest level since April.

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