The U.S. Dollar dropped against almost all most-traded peers ahead of nation's consumer price index release. It is expected that CPI rose 0.2% in June after 0.5% climb last month, according to economists. The greenback fell 0.4% to 97.75 Yen at 6:34 a.m. London time after depreciating 0.1% on Wednesday, while it slipped 0.3% to $1.3288 per Euro.
Pound advanced against the greenback, after better-than-forecast jobs report, as the Bank of England posted its minutes from the August 1 meeting. The Sterling jumped 0.27% to $1.5490 versus the greenback and rose 0.26% to £0.8561 against the Euro, while adding 0.34% to 152.22 versus the Yen. Jobless claims in U.K. declined by 29,000 in July, overshooting analysts forecast of
The Swiss currency depreciated to the lowest level in four weeks versus the common currency ahead of Europe's GDP report that is expected to show growth. The Swiss Franc slipped 0.3% to 1.24153 per Euro at 9:20 a.m. in London after falling to 1.24285, the lowest in a month, while the currency weakened 0.3% to 93.55 centimes per U.S. Dollar.
Britain's jobless rate stayed at 7.8% in the second quarter of the year on speculation that the labor market is growing and the nation's economy is recovering. The BoE's Governor Carney stated that unemployment is very important point of U.K.'s monetary policy, while Britain's Prime Minister Cameron depends that benchmark rate will stay at current level to boost private job
The 17-nation currency advanced for a fifth straight day versus the Japanese Yen ahead of the Eurozone's GDP data that are expected to show that the region is no longer in recession. The Euro rises 0.1% to 130.42 Yen as of 8:01 a.m. in London after reaching 130.66, the highest level since August 6, while it traded at $1.3259 per
Asian shares gained for a fifth straight day, it is on course for the longest winning streak in one and a half month, on low trading volumes and the trading was closed due to bad weather conditions. The MSCI Asia Pacific Index increased 0.4% to 135.64 at 2:23 p.m. Hong Kong time, while Japan's Topix index gained 1.2% and it's
The Australian currency fell versus New Zealand's Dollar after the consumer spending and wages reports were released and these data indicated on divergence between these South Pacific countries. The Aussie slipped 0.4% to NZ$1.1395 as of 4:53 p.m. Sydney time, after it reached NZ$1.12 on August 1. The Kiwi appreciated 0.2% to 79.80 U.S. cents, while its Australian counterpart weakened
The Canadian currency dropped for a second straight day after U.S. retail sales showed an increase for a fourth month in a row, fueling speculation that U.S. economy is doing better than Canada's. The Loonie fell 0.4% to C$1.0343 per U.S. Dollar as of 5 p.m. Toronto time and it is also impacted by previous week's unemployment data.
The Sterling remained flat versus the U.S. Dollar ahead of data that analysts said will indicate U.K. unemployment claims plummeted for the ninth month in July. The Britain's currency was at $1.5448 and remained steady at 85.91 pence versus the Euro. U.K. jobless claims fell 15,000 in July and the unemployment rate remained at 7.8% in the second quarter.
U.K. government gilts declined, sending 10-year bond yields to the highest level since October 2011, after data indicating inflation stayed above the central bank's target and house prices climbed curbed demand for fixed-income assets. The benchmark 10-year bond yield added 14 basis points to 2.60% and the 1.75% gilt expiring in September 2022 dropped to 93.195.
Precious metals decreased, as investors sold bullion after it reached the highest price in about three weeks. Gold prices jumped more than 4% on Monday, reaching $1,345, level unseen since the end of July. Old futures dropped 0.29% to $1,330.40 per ounce and silver increased 1.01% to $21.560 per ounce.
The Japan's currency plummeted over 1% against it main counterpart, following the news that Japan's Prime Minister Shinzo Abe is planning a tax reform. The Japan's Yen dropped 1.01% to 97.39 against the U.S. Dollar and slipped 1.05% to 130.27 against the common currency, while declining 0.90% to 150.55 against the Sterling.
European stocks increased as German ZEW economic confidence report rose more-than-forecast to 42.0 points in August, and the Euro block industrial production advanced. The European Euro Stoxx 50 index jumped 0.59% to 2,843.50 and the German DAX increased 0.87% to 8,432.30. The German ZEW economic confidence indicator increased from 36.3 points in July to 42.0 in August.
German investor sentiment rose more than it was forecasted by the economists in August as the nation's economic recovery helped the 17-nation euro area to climb out of recession. The ZEW Center stated that its index, that forecasts investor and analyst expectations in the following six months, increased from 36.3 to 42 in July, it was expected to rise to
The British currency was little changed against the greenback and the 17-nation currency as U.K. house prices increased to the highest level in more than six months in July, fueling speculation that the nation's economy is recovering. The Sterling was at 85.98 pence per Euro by 7:53 a.m. in London after strengthening to 85.79 earlier, while U.K.'s currency climbed at
German government bunds plummeted for the second day ahead of a survey that economists expect will indicate an index of investor sentiment in Germany jumped in August. The 10-year bond yield advanced two basis points to 1.73% and the 1.5% note maturing in May 2023 contracted 0.21 to 97.99. Germany will auction 10-year bonds worth of 4 billion euros tomorrow.
Japanese stocks advanced, with the benchmark Nikkei 225 Stock Average gaining from more than one and a half month low, as the weaker nation's currency boosted exports and Abe weighed on corporate-tax cut. The Topix Index climbed 2% to 1,157.15 at the Tokyo's close, while the Nikkei 225 added 2.6% to 13,867, after reaching its lowest level since June 27
The U.S. Dollar reached the strongest level in about a week against the Japanese Yen ahead of data today that may indicate U.S. retail sales advanced for the fourth month. The greenback jumped 0.6% to 97.47 versus the Yen and remained steady at $1.3308 against the Euro. Analysts expect retail sales to jump 0.3% in July, following a 0.4% increase
European shares rose for a fourth day in a row as the U.S. retail sales and German investor confidence data are awaited. The Stoxx Europe 600 Index appreciated 0.2% to 306.64 as of 8:06 a.m. London time, the strongest level since May 28 and it has gained 9.7% in year 2013 to date, impacted by vehicle and financial-services companies.
The Japanese Yen slipped for the second day as the BoJ posted the meeting minutes which indicated a revised expansion for the economy and the CPI, at the same time Japan's machinery orders dropped less-than-forecast. The Japans currency depreciated 0.51% to ¥97.39 against the greenback and fell 55% to ¥129.57 against the Euro, and declined 0.49% to ¥150.55 against the
The Australian Dollar declined for a second straight day ahead of U.S. retail sales report that may show an advance, fueling speculation that the Fed will soon start to scale back its monetary stimulus. Australia's currency slipped 0.4% to 91.14 U.S. cents at 10:07 a.m. Sydney time, while New Zealand's Dollar depreciated 0.5% to 79.76 U.S. cents.
Gold prices declined from a sharp jump on the previous day, fluctuating near $1,330, while silver plummeted following a 5% rally on Monday. Gold futures advanced 0.02% to $1,334.60 per ounce and silver slipped 0.35% to $21.265 per ounce. Holdings in SPDR Gold Trust remained steady at 911.13 tonnes.
West Texas Intermediate crude oil headed towards a four-day high on expectations the Euro block's economy grew in the second quarter. The September WTI contract increased 0.4% to $106.40 per barrel and the Brent for September delivery declined to $108.13 per barrel, ahead of report this week that may indicate gross domestic product grew 0.2% in the second quarter in
The common currency declined versus the U.S. Dollar, as markets await U.S. report due this week. At the same time investors will watch for any clues from the Fed officials speeches during this week. The 17-nation currency plummeted 0.33% to $1.3296 versus the greenback and slipped 0.15% to 0.8587 versus the Sterling, and advanced 0.20% to 128.59 versus the Japanese