Pound posts monthly gain against Dollar amid home loans advance

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Source: Bloomberg
The Pound Sterling posted its highest monthly advance against its U.S. counterpart after a report depicted British banks increased grants for homes in March, indicating that the economy growth is on the right direction. The Pound added 0.3% to $1.5545; however, it lost 0.2% to 84.70 pence per Euro. Generally the U.K currency slid 0.4% versus the shared currency in April.

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Wed, 01 May 2013 08:42:04 GMT

Australian Dollar holds gain against U.S. Dollar amid Fed monetary easing bets

Australia's Dollar kept a two-day gain against the greenback amid bets the Fed would maintain its commitment to quantitative easing. The so-called Aussie remained steady at $1.0365, while the kiwi appreciated 0.1% to 85.76 U.S. cents, being the best performer among 10 developed-market currencies. It is said that the Aussie's flexibility ensures strength of the state's economy.

Wed, 01 May 2013 07:28:03 GMT

Lonnie strongest since February as economy grows

The Canadian Dollar reached the highest since February as the state's economy expanded faster than expected and speculation rose that U.S. lawmakers would retain monetary easing measures. The currency climbed for the fifth day versus its U.S. peer and reached C$1.0054 per greenback, while Canada's largest export crude oil, slid 1.6% to $93.01 per barrel, cutting its monthly advance to

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