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NZD/USD plunged as risk aversion was triggered

October 2, 2013 9:04 am
New Zealand dollar lost ground sharply against the greenback on Wednesday, reaching the lowest point in two-weeks, as risk appetite was dampened because of the uncertain effect upon global economy by the US government shutdown. NZD/USD fell to a session low at 0.8194 at 2:30 GMT, also the pairs lowest point since September 17th, after […] Read more

EUR/USD slightly changed, off eight-month highs

October 2, 2013 8:20 am
The euro traded steadily against the US dollar on Wednesday, as US budget concerns continued, but the greenback seemed to be still supported after the strong manufacturing data, released by the ISM yesterday. EUR/USD fell to a session low at 1.3507 at 1:50 GMT, after which consolidation followed at 1.3520, decreasing 0.04% for the day. […] Read more

AUD/USD fell after Australian data

October 2, 2013 7:17 am
Australian dollar lost ground against its US counterpart on Wednesday, following the release of Australian trade balance and building approvals reports. AUD/USD fell to a session low at 0.9352 at 6:13 GMT, after which consolidation followed at 0.9358, losing 0.45% for the day. Support was likely to be received at September 30th low, 0.9281, while […] Read more

USD/CAD on session highs after strong ISM manufacturing data

October 1, 2013 2:51 pm
US dollar rose to a session high against its Canadian peer on Tuesday, following the release of upbeat manufacturing data out of the United States. USD/CAD reached 1.0325 at 14:25 GMT, currently the highest point for Tuesday trade. Support was likely to be received at September 24th low, 1.0267, while resistance was to be met […] Read more

EUR/USD distanced from earlier highs after German unemployment report

October 1, 2013 1:03 pm
The euro came off earlier highs against the US dollar on Tuesday, as German unemployment report disappointed market expectations and boosted concerns that economic activity might have reached its peak in the mid-summer period. Having touched a session high at 1.3587 at 6:50 GMT, EUR/USD cross fell to 1.3534 at 11:10 GMT. Support was likely […] Read more

USD/CHF on 19-month lows as partial US government shutdown was triggered

October 1, 2013 9:15 am
US dollar declined to its lowest point in 19 months against the Swiss franc on Tuesday, as the partial shutdown of the US government fueled concerns that the Federal Reserve Bank will continue the course of an eased monetary policy. USD/CHF tumbled to a session low at 0.8993 at 7:00 GMT, also the pairs lowest […] Read more

USD/JPY fell on US government shutdown

October 1, 2013 8:41 am
US dollar lost ground against the Japanese yen on Tuesday, after the US government embarked on a partial shutdown, as Congress did not reach an agreement on the next fiscal year budget. USD/JPY reached a session low at 97.82 at 7:15 GMT, after which consolidation followed at 97.93, falling 0.30% on a daily basis. Support […] Read more

EUR/USD close to eight-month highs as US government shutdown was triggered

October 1, 2013 8:00 am
The euro traded in proximity to its highest point in seven months against the US dollar on Tuesday, after the US government embarked on a partial shutdown, as Congress did not reach an agreement on the next fiscal period budget. EUR/USD reached a session high at 1.3586 at 6:54 GMT, after which consolidation followed at […] Read more

AUD/USD rose after Australian retail sales, RBA decision

October 1, 2013 6:47 am
Australian dollar received support against its US peer on Tuesday, following better-than-projected retail sales data out of Australia and as Reserve Bank of Australia (RBA) left its benchmark interest rate unchanged at its monthly meeting. AUD/NZD rose to a session high at 0.9400 at 5:31 GMT, after which consolidation followed at 0.9393, gaining 0.74%. Support […] Read more

EUR/USD steady after Plosser comments, Italian political uncertainty

September 30, 2013 3:00 pm
The euro was trading steadily against the US dollar during the early phase of US trade session, after comments made by Fed President for Philadelphia, Charles Plosser and as political uncertainty in Italy could lead to a decrease in countrys credit rating by Fitch. EUR/USD touched a session high at 1.3555 at 13:00 GMT, after […] Read more