EUR/USD picked up 19 focuses after a positive print of Eurozone modern generation in front of Mario Draghi's discourse later today. The pair is exchanging at 1.3626. German Chancellor Angela Merkel said turmoil in worldwide markets brought on by a Portuguese bank underscores the euro district's delicacy and demonstrates the requirement for governments to appreciation obligation and deficiency limits.
GBP/USD gained 12 points against a weak greenback to trade at 1.7118 on a day with little data and light news flow. Sterling pared gains against the dollar and slipped against the euro on Friday after data showed British construction output fell in May, suggesting some sectors in the economy were showing signs of cooling.
AUD/USD gained 2 points to trade at 0.9394 headed back over the 94 price range after the release of monetary policy meeting minutes. Australian shares are slightly down, with the market slowing after three days in positive territory.
USD/JPY gained 6 points to tumble to 101.60 as the safe haven trades eased back while the dollar regained a bit of momentum. The USD/JPY managed around an 11 point range, higher ahead of the release of the BOJ announcement and down back into mid-range after the announcement.
Gold declined $14.80 as traders booked profits as global tension remained constant. Gold is trading at 1322.60. Gold prices slid more than 1 percent as a rally in stock markets prompted investors to cash in gains after last week’s rise to 3-1/2 month highs and as concerns over the euro zone periphery faded.
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Pound Gains Against Weak Greenback
Published 07/15/2014, 01:51 AM
Updated 04/25/2018, 04:40 AM
Pound Gains Against Weak Greenback
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