Dollar extended its rebound rally on the second trading day of the week as poor economic data from UK and general risk aversion flows in Europe helped to send EUR/USD below 1.4800, Aussie below 1.0900 while cable fell through the key 1.6500 figure. In UK the PMI Manufacturing data missed widely off the mark, printing at 54.6 versus 57.0 eyed. The figures for March were revised lower as well.
FOREX-Dollar sell-off pauses; short positions stretched
LONDON, May 3 (Reuters) – The dollar hobbled near a three-year trough against a currency basket on Tuesday, undermined by loose US monetary policy, but analysts said it's fall was looking overextended due to extreme short positioning. …
WORLD FOREX: Dollar Slips Vs. Euro As Low Rates Trump Bin Laden Rally
Forex Trading and Currency Exchange Rates – Business Conditions Improve in US
FOREX: Aussie Dollar Ignores Mildly Hawkish RBA, Falls with Risky Assets
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LONDON, May 3 (Reuters) – Sterling fell 1 percent on the dayagainst the dollar on Tuesday, extending broad losses after aweak reading of the UK manufacturing sector raised speculationthat UK interest rates …read more...
Euro / US Dollar
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.read more...
Forex: Pound plunges on weak UK manufacturing data
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, …
Australian shares ended lower on Tuesday, with the S&P/ASX 200 index closing down 0.8% at 4,784.60. Worries about earnings weighed on the share market as the Australian dollar hovered around 29-year highs, with Fairfax Media Ltd. ending the day down 8% after flagging lower second-half sales and higher costs, while Australia & New Zealand Banking Group Ltd. dropped 2.1% after it said that its profit would have been 2% higher if the Australian dollar wasn’t so strong.read more...
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After selling off following a bad manufacturing PMI number, the GBP/USD is currently testing 1.64902 where we saw some support a week ago. Further lower we find 1.64661 and then a full retracement at 1.64333.read more...
US Dollar / Canadian Dollar