GBP/USD close to 2-month low

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Source: Investing.com
The Sterling dropped to almost two-month low versus the Greenback today, following the issue of the unsatisfactory trade balance figures, whereas the geopolitical risks kept on fueling the safe-heaven demand. The Cable consolidated at 1.6813 today, sliding 0.11%. The data indicated the U.K. trade deficit increased to £9.41 billion in June, while the economists projected the deficit to narrow down to £8.80 billion.

 

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Fri, 08 Aug 2014 15:48:08 GMT

US Dollar rises against the Loonie after data

The Greenback jumped to trade close to its highest value in three months versus the Loonie due to concerns regarding geopolitical tension in Ukraine and Iraq, and also due to disappointing Canadian employment. The pair hit 1.0963 in the European session and proceeded to consolidate at 1.0959, representing a 0.36% gain.

Fri, 08 Aug 2014 15:26:08 GMT

Treasuries yields reach lowest level in one year

US Treasuries gained and sent yields to a one-year low due to approved US airstrikes in Iraq. As a result investors are looking for safe haven assets and debt is being bought all across the world. The US 10-yield fell 0.03 percentage points to 2.38 percent in London as the current conflicts could increase the risk to growth prospects.

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