U.K.’s sterling staged a strong rally against its major rivals in early European trading on Friday as most European stocks gained and dollar weakened broadly. European stocks edged higher today with the U.K.’s FTSE 100 index gained by 0.57%, Germany’s DAX index rose 0.35% and France’s CAC 40 index jumped 0.30%. The pound advanced to
The Australian dollar edged higher against its major rivals on Friday morning in Asia as modest gains in most Asia-pacific stocks fueled investor’s risk appetite. The aussie advanced to more than a 1-month high against the US dollar and a 3-week high against the Canadian dollar. The Australian stock market is trading modestly higher today
During early European session on Wednesday, the pound recovered against other major currencies as a report indicated that U.K’s unemployment rate fell in May. The number of people claiming Jobseeker’s allowance in the U.K. decreased 30,900 to reach 1.48 million in May, the Office for National Statistics said today. This was the first time the
In early European deals on Tuesday, the Canadian dollar recovered from multi-day lows against the currencies of US and Japan as oil rose above $75 a barrel today. Against the euro and the aussie, the loonie extended its late Asian session’s uptrend during this time. At 4:45 am ET, U.S. crude futures traded at $75.34.
The euro registered strong gains against the currencies of U.S. and Japan in early European deals on Monday on the back of a rise in most Asian and European stocks. The euro thus rose to an 11-day high against the U.S. dollar and a 10-day high against the yen. Meanwhile, the euro recovered recent losses
