Currency News

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

USD/JPY fell from three-week highs on US debt agreement

US dollar plunged against the Japanese yen on Thursday, falling from three-week highs, after a short-term deal on US debt has been passed by the Congress, but however, it did not put an end to political uncertainty in the country. Having risen as high as 99.00 at 0:00 GMT, the highest point since September 27th, […] Read more

EUR/USD soared, as an agreement on US debt has been reached

The euro gained ground against the US dollar on Thursday, after the US Congress passed a bill to end the partial government shutdown and raised nations debt limit hours before the deadline. EUR/USD climbed sharply to a session high at 1.3611 at 7:30 GMT. Support was likely to be received at psychological level of 1.3500, […] Read more

NZD/USD steady after US debt-limit agreement

New Zealand dollar traded steadily against its US rival on Thursday, as the US Congress voted to fund the federal government, put an end to the partial shutdown and raise the debt ceiling. NZD/USD touched a session low at 0.8416 during the early phase of Asian trade, after which consolidation followed at 0.8429, gaining 0.04% […] Read more

USD/CAD lower as US Congress debated on debt

US dollar lost ground against its Canadian rival on Wednesday, as Senate leaders in the United States were in a rush to end the partial government shutdown and avert a potential default. USD/CAD slipped to a session low at 1.0353 at 13:59 GMT, after which consolidation followed at 1.0364, falling 0.15% for the day. Support […] Read more

USD/CHF on session lows, US debt-limit debates in focus

US dollar slipped to its lowest point for the day against the Swiss franc, as market players remained wary amid continuing negotiations over the US debt ceiling and as concerns of a potential default grew. USD/CHF touched a session low at 0.9102 at 11:37 GMT, after which consolidation followed at 0.9108, losing 0.16% on a […] Read more

GBP/USD on session highs after UK jobless claims, unemployment reports

British pound rose to session highs against the US dollar on Wednesday, following the optimistic jobless claims report out of the United Kingdom, but however, gains seemed limited due to renewed fiscal debates in the United States. GBP/USD touched a session high at 1.6058 at 8:30 GMT, also the pairs highest point since October 9th, […] Read more

AUD/USD stable amid continuing US fiscal debate

Australian dollar traded steadily against its US peer on Wednesday, preserving five-day gains and also nearing four-month highs, as market sentiment was dominated by the ongoing fiscal talks in the United States, while the deadline for action was already in sight. AUD/USD touched a session high at 0.9544 at 0:00 GMT, after which consolidation followed […] Read more