Wednesday, the British pound edged up against other major currencies as strong U.S. corporate earnings boosted investor sentiment. The pound soared to a new multi-month high against the dollar, new multi-week high against the yen and an 8-day high against the franc. Intel Corp. said Tuesday after the markets closed that it swung to a
The Japanese yen declined across the board on Wednesday morning in Asia. The yen plummeted to 113.31 against the euro by 8:15 pm ET, the lowest level since June 21. On the downside, the yen may find support around the 114.20 level. The euro-yen pair that was worth 112.92 at Tuesday’s North American close is
The Canadian dollar rose to near a 2-week high against the euro in early European deals on Tuesday. The loonie also remained higher against the aussie, but recovered its recent losses against the dollar and the yen. Traders are now focusing on the Statistics Canada’s trade balance report for May, which is slated for release
In early European deals on Tuesday, the pound strengthened to multi-day highs against its U.S., European and Swiss counterparts on the back of a rise in U.K. stocks. The pound also climbed against the yen during this time. By climbing in early European session, the pound recouped its Asian session’s loss against the dollar and
During early Asian deals on Tuesday, the Aussie edged down to a 6-day low against the New Zealand dollar as a report from the National Australia Bank showed that business confidence in Australia dropped for the third straight month in July. The Aussie also fell against other major currencies amid the dismal business confidence report.
