The US Dollar has extended its massive losses against the Japanese Yen. During the first half of Monday's trading session the currency exchange rate had managed to fall below the 110.50 mark.
The US retail sales rose in December, as consumers bought more goods and the previous month's figures were revised up, indicating that the country's economy finished 2017 with solid momentum.
The US retail sales rose in December, as consumers bought more goods and the previous month's figures were revised up, indicating that the country's economy finished 2017 with solid momentum.
The US producer prices decreased for the first time in more than a year in December, due to falling services costs.
In result of the overall depreciation of the buck, the yellow metal managed to break through the upper edge of a descending channel and reach the 1,330.00 mark.
In result of reaction on the ECB Meeting Minutes, the Euro advanced by 0.8% against Dollar.
Because of combined support formed by the lower line of an ascending channel and the 200-hour SMA, the pair made another attempt to surge above the 1,323.00 level.
During yesterday's trading session, the currency rate expectedly failed to cross combination of the 100- and 200-hour SMAs.
The Greenback feel sharply against the Japanese Yen on the disappointing labour market data.
The Sterling received some pips against the US Dollar on the upbeat UK manufacturing report.
The Greenback feel sharply against the Japanese Yen on the disappointing labour market data.
The British Pound rose slightly against the Greenback on the country's house price data.
In result of previous trading session the pair made a breakout from symmetrical triangle to southern direction.
The Euro continued to lose value against the Dollar, as expected.
The yellow commodity is continuing to move horizontally, as expected.
In result of the yesterday's trading day the pair made a breakout from the one-month long ascending channel.
The Greenback feel sharply against the Japanese Yen on the disappointing labour market data.
The British Pound rose slightly against the Greenback on the country's house price data.
New trading week the exchange rate started with a plunge to the updated weekly PP, which was additionally secured by the 55- and 100-hour SMAs.
The Greenback feel sharply against the Japanese Yen on the disappointing labour market data.
The US employment growth weakened significantly in December due to a decrease in retail jobs, while a surge in monthly pay gains indicated the labour market strength, which could enable the Federal Reserve to hike interest rates in spring.
The trading week the currency rate started with a six-month downfall.
The US private companies added 250K positions in December, the strongest monthly gain since March, the ADP Research Institute revealed on Thursday.
The Sterling ignored the UK services PMI report, with the GBP/USD currency pair revealing a little initial reaction just after data came in.