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USDJPY At Biggest Monthly Gains Since 2005 After GDP

by Forex Rooton July 31, 2014 9:05 am BST
The dollar was little changed at $1.3390 per euro at 8:33 a.m. in London, having advanced 2.2 percent this month. It appreciated to $1.3367 yesterday, the strongest since Nov. 12. The US currency was at 102.86 yen from 102.79 yesterday after gaining for the previous nine trading days. The euro was little changed at 137.73 […]
Federal Reserve Chair Yellen testifies before a House Financial Services Committee hearing on "Monetary Policy and the State of the Economy."

USD Steady After Feds Cuts Bond Buying

by Forex Rooton July 30, 2014 7:33 pm BST
The dollar remained higher after the Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases. The US currency rose to a four-month high earlier as the economy grew more than forecast in the second quarter. The greenback strengthened for a […]

dollar

US Dollar At 4 Months High After GDP

by Forex Rooton July 30, 2014 2:11 pm BST
GDP rose at a 4 percent annualized rate after shrinking 2.1 percent from January through March, Commerce Department figures showed today in Washington. US Dollar rose to a 4 months high after the US economy grew more than forecast in the second quarter as the Federal Reserve meets to decide the pace of rate increases. […]
Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh

XAUUSD Declined Before US Data and Fed Reserve

by Forex Rooton July 30, 2014 12:12 pm BST
XAUUSD declined after falling the previous two days. Gold’s investors weighed signs of an improving U.S. economy against tension over Ukraine and in the Middle East. The Federal Reserve concludes a two-day meeting today. Data are forecast to show the U.S. economy rebounded last quarter, and the dollar reached an almost eight-week high against 10 […]