Pound Rises Against Majors
(RTTNews) - The British pound strengthened against other major currencies in the European session on Tuesday.
The pound rose to a 4-day high of 191.82 against the yen, from an early low of 190.83.
Against the Swiss franc, the U.S. dollar and the euro, the pound edged up to 1.1286, 1.2389 and 0.8622 from early lows of 1.1252, 1.2330 and 0.8645, respectively.
If the pound extends its uptrend, it is likely to find resistance around 194.00 against the yen, 1.15 against the franc, 1.27 against the greenback and 0.84 against the euro.
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Swiss Franc Falls Amid Risk Appetite
The Swiss franc weakened against other major currencies in the European session on Monday amid risk appetite, as investors welcomed stimulus measures in China to support the country's property sector and pondered the outlook for rates.
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Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the European session on Monday.
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U.S. Dollar Lower On Rate Cut Expectations
The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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Soft Inflation Data, Retail Sales Pull Down U.S. Dollar
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.
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U.S. Dollar Falls, U.S. Inflation Report In Focus
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday, as traders await the release of key U.S. CPI data along with other reports on U.S. retail sales and homebuilder confidence which is likely to influence the U.S. Federal Reserve's near-term policy path.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Wednesday.
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