Currency News

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

The euro traded steadily and in proximity to its highest point in eight months against the US dollar on Monday, as expectations mounted that the Federal Reserve Bank may postpone the reduction of monetary stimulus after the partial government shutdown. EUR/USD touched a session high at 1.3688 during the early phase of Asian trade, after […] Read more

USD/JPY trades higher after Japanese trade balance report

US dollar gained ground against the Japanese yen on Monday, following the release of Japanese trade balance data, which revealed that export growth slowed, while Bank of Japan Governor Haruhiko Kuroda pledged to maintain stimulus in order to achieve steady inflation. USD/JPY reached a session high at 98.13 at 6:20 GMT, after which consolidation followed […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar ended the week on negative territory against the Japanese yen on trading Friday, as concerns appeared that the 16-day partial shutdown in the United States might probably urge the Federal Reserve Bank to delay its plans of scaling back the monthly pace of its stimulus program. USD/JPY closed at 97.78 on Friday, losing […] Read more

USD/CAD little changed during late US trade, government shutdown impact on economy looms

US dollar was trading with a slight change against its Canadian counterpart during the late phase of US trade on Friday, while the pair closed on negative territory, as markets were strongly influenced by concerns that the 16-day government shutdown in the United States could have probably led to a slow down in worlds largest […] Read more

GBP/USD is poised for weekly gains amid concerns over the US partial shutdown impact on economy

British pound edged higher against the US dollar on Friday, poised for weekly gains, as market players were betting that the US debt-limit debates will urge the Federal Reserve Bank to leave the monthly pace of its monetary stimulus unchanged, while this weighed on the greenback. GBP/USD rose to a session high at 1.6194 at […] Read more

NZD/USD remains steady after Chinese GDP report

New Zealand dollar traded steadily against its US rival on Friday, following the release of mixed economic data out of China. NZD/USD rose to a session high at 0.8487 at 6:25 GMT, after which consolidation followed at 0.8478, dipping 0.09% for the day. Support was likely to be found at October 15th low, 0.8358, while […] Read more

EUR/USD reaches 7.5-month highs on concerns over the economic impact caused by the partial US government shutdown

The euro rallied to its highest point in 7.5 months against the US dollar on Friday on bets that disruption caused by the US debt-limit debate will dampen economic growth and urge the Federal Reserve Bank to put its intentions to taper stimulus on hold. EUR/USD touched a session high at 1.3692 at 6:50 GMT, […] Read more

AUD/USD steady after Chinese set of data

Australian dollar was trading steadily against the US counterpart on Friday, poised for the largest weekly gain in a month, following the release of a series of crucial economic data out of China, while expectations appeared that the Federal Reserve Bank may probably delay the reduction of scale of its monetary stimulus. AUD/USD touched a […] Read more

USD/CAD on one-week lows on speculation Fed will maintain stimulus, GBP/USD and EUR/USD continue higher

US dollar slipped to its lowest point in one-week against the Canadian peer on Thursday, as speculation appeared that the Federal Reserve Bank will maintain the pace of its stimulus program due to economic disruption from the 16-day partial government shutdown. USD/CAD reached a session low at 1.0292 at 9:20 GMT, also the pairs lowest […] Read more

GBP/USD preserved gains after strong UK retail sales

British pound rose sharply against the US dollar on Thursday, reaching four-week highs, following a report to show that retail sales in the United Kingdom increased more than projected in September. GBP/USD climbed to a session high at 1.6096 at 9:30 GMT, also the pairs highest point since September 19th, after which consolidation followed at […] Read more