Currency News - Part 421

USD/CAD rises to two-week highs after US data points, Bank of Canada decision

October 24, 2013 1:33 pm

US dollar rose to its highest point in two weeks against the Canadian counterpart on Thursday, following the release of the weekly report on initial jobless claims and the trade balance data out of the United States, while the Royal Bank of Canada stressed on the need for future raise in the interest rates, something […] Read more

USD/CHF plunges to over 2.5-year lows

October 24, 2013 12:05 pm

US dollar fell to its lowest point in over 2.5 years against the Swiss franc on Thursday, as speculation that the Federal Reserve will put off plans to taper its monetary stimulus was still causing pressure on the greenback. USD/CHF plunged to a session low at 0.8903 at 10:15 GMT, also the pairs lowest point […] Read more

EUR/USD pares earlier gains following French, German and Euro zone PMIs

October 24, 2013 9:40 am

The euro trimmed suddenly earlier gains against the US dollar on Thursday, following the overall weaker than projected data on activity in manufacturing and services sectors in Euro regions first two largest economies. Having reached a fresh 23-month high previously, EUR/USD cross fell sharply to a session low at 1.3764 at 8:05 GMT, after which […] Read more

USD/JPY trades steadily after Chinese manufacturing PMI report

October 24, 2013 8:31 am

US dollar was trading steadily against the Japanese yen on Thursday, after a report said that Chinese manufacturing PMI climbed at the fastest pace in seven months in October, which dimmed demand for safe haven currencies, such as the yen. USD/JPY reached a session high at 97.61 at 5:50 GMT, after which consolidation followed at […] Read more

EUR/USD on new 23-month highs before PMI string of data

October 24, 2013 7:32 am

The euro soared to a new 23-month high against the US dollar on Thursday, as signs that US growth might have been shaved by the partial government shutdown, bolstered speculation that the Federal Reserve Bank may postpone the scaling back of its monetary stimulus until 2014. EUR/USD hit a session high at 1.3822 at 6:30 […] Read more

NZD/USD rises as NZ trade balance deficit shrinks

October 24, 2013 6:51 am

New Zealand dollar gained ground against its US counterpart on Thursday, as New Zealands trade deficit contracted more than projected in September, while the HSBC flash PMI for China rose to a seven-month high in October. NZD/USD climbed to a session high at 0.8446 at 2:15 GMT, after which consolidation followed at 0.8425, gaining 0.39% […] Read more

USD/CAD on one-week highs after Bank of Canada rate decision

October 23, 2013 2:36 pm

US dollar climbed to its highest point in one week against the Canadian counterpart on Wednesday, following Royal Bank of Canadas interest rate decision, while speculation that global growth may slow in case Chinese central bank tightens monetary policy dampened demand for the loonie. USD/CAD rose to a session high at 1.0379 at 14:07 GMT, […] Read more

GBP/USD preserves losses following BoE minutes

October 23, 2013 9:54 am

British pound continued trading lower against the US dollar on Wednesday, as traders secured their profits after yesterdays rally, while the minutes of Bank of Englands (BoE) policy meeting in October said that unemployment rate in the United Kingdom was decreasing at a faster pace than anticipated. GBP/USD fell to a session low at 1.6137 […] Read more

AUD/USD off five-month highs on profit lock-in

October 23, 2013 8:42 am

Australian dollar came off its highest level in five months against the greenback on Wednesday, as market players locked in their profits after the disappointing US non-farm payrolls report. AUD/USD slid to a session low at 0.9632 at 5:25 GMT, after which consolidation followed at 0.9640, plunging 0.72% for the day. Support was likely to […] Read more

EUR/USD remains steady, close to 23-month highs

October 23, 2013 7:50 am

The euro was trading steadily and in proximity to highs unseen in 23 months against the US dollar on Wednesday, after a report showed that the US private sector has added fewer than projected jobs before the beginning of the 16-day partial government shutdown in the country. EUR/USD touched a session high at 1.3793 at […] Read more