The Pound Euro exchange rate (GBP/EUR) moved up sharply against the Pound during Thursday's trading. Traders speculated that further rate cuts are unlikely and adjusted positions accordingly resulting in flows into the single currency.
US DOLLAR TECHNICAL ANALYSIS - Prices are stalling at support in the 10520-25 area marked by the February 17 low and the 38.2% Fibonacci expansion after breaking a rising trend line set from September 2012.
Investing.com - The U.S. dollar was little changed against the Canadian dollar in early trade on Tuesday, as tensions over the political and military crisis between Russian and Ukraine eased, supporting market sentiment.
A two-week slide in China's currency gained momentum on Friday, with the yuan falling the most in two decades as Beijing seeks to shake out speculators betting on a one-way rise and curb short-term money inflows.
Japanese Yen to US Dollar exchange rate graph. The Japanese Yen fell to its lowest level in seven-weeks against the US Dollar and slid against the Pound and Euro as demand for safe haven currencies fell as tensions eased between Russia and Ukraine.