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Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17
Dollar fell against major peers
Wednesday, 08 April 2015 04:55

Dollar fell against major peers

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Major Currency Updates:

GBPUSD: Pound gained by 0.18% to 1.6106 but fear of weakening global growth is likely to affect GBP. Last week UK Business Secretary Vince Cable said that he believed the Pound was still overvalued by as much as 15%. U.K. general election in May 2015 will also start affecting the currency.

EURUSD: EUR gained by 0.50% to 1.269 as FOMC member Fisher said in his speech that with low foreign growth Fed might have to delay interest rate hike decision.

JPYUSD: Yen gained most in four weeks as demand for haven currency increased after fall in Asian stocks. Currency reached at 110 level earlier in this month on anticipation of earlier than expected interest rate hike by Fed and slowing consumption in Japan.

USDAUD: AUD appreciated by 0.92% to 0.8689 as its major trade partner China reported better than expected increase in exports and more than estimated increase in import today. China Yuan also gained on PBOC's reference rate hike.

 

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