Currency News

AUD/USD slightly higher as Obama will nominate Yellen to lead Fed

Australian dollar gained ground against its US counterpart on Wednesday, as a White House official said that President Barack Obama will nominate Federal Reserve Vice Chairman Janet Yellen today to lead the central bank, while this news spurred demand for high-yielding currencies, such as the Aussie. AUD/USD distanced from a session low at 0.9412, recorded […] Read more

USD/CAD distanced from session lows following mixed Canadian data

US dollar regained ground against its Canadian peer on Tuesday, following the release of mixed economic data out of Canada, showing nations trade deficit unexpectedly widened and the number of housing starts increased. Having fallen to a session low at 1.0306 at 12:15 GMT, USD/CAD regained positions to trade at 1.0329 at 13:31 GMT, gaining […] Read more

USD/CHF rose on speculation US policymakers will reach an agreement on nation’s budget matter

US dollar traded higher against the Swiss franc on Tuesday, as speculation appeared that US lawmakers will reach an agreement on raising the nation’s debt ceiling and avert a default, which caused safe haven currencies, such as the franc, to lose their appeal. USD/CHF touched a session high at 0.9064 at 8:20 GMT, after which […] Read more

USD/JPY higher after Chinese non-manufacturing sector slowed down momentum in September

US dollar traded higher against the Japanese yen on Tuesday, as HSBC said that Chinese non-manufacturing PMI slowed down in September but remained in the zone of expansion, while this news neutralized to a certain extent the influence that the partial US government shutdown has caused on the pair. USD/JPY rose to a session high […] Read more

EUR/USD slightly lower amid ongoing US budget worries

The euro was slightly losing ground against the US dollar on Tuesday, but yet remained supported, as market players focus was still on the negotiations over the US budget matter. EUR/USD slipped to a session low at 1.3558 at 4:40 GMT, after which consolidation followed at 1.3567, losing 0.10% on a daily basis. Support was […] Read more

NZD/USD steady after upbeat NZ business confidence data

New Zealand dollar was trading steadily against its US peer on Tuesday, following the release of decent business confidence data out of New Zealand, but still the partial US government shutdown dominated market sentiment. NZD/USD reached a session low at 0.8268 at 1:30 GMT, after which consolidation followed at 0.8309, gaining a mere 0.02% for […] Read more

USD/CAD on session highs following Canadian building permits

US dollar advanced to its highest point today against the Canadian rival, after a report said that Canadian building permits declined at a much faster pace than projected in August, while at the same time the US budget crisis still pressured the greenback. USD/CAD rose to a session high at 1.0334 at 12:30 GMT, after […] Read more

EUR/USD still on positive territory, US government shutdown weighs

The euro preserved gains against the US dollar on trading Monday, as market sentiment was still dominated by the partial government shutdown in the United States. EUR/USD touched a session high at 1.3590 at 8:30 GMT, after which consolidation followed at 1.3568, gaining 0.11% for the day. Support was likely to be found at October […] Read more

USD/JPY lower as safe haven demand was spurred

US dollar was losing ground against the Japanese yen on Monday, after US Treasury Secretary Jacob Lew renewed his call for an increase in the nations debt limit in order to avert a default, which bolstered demand for safe haven assets, such as the yen. USD/JPY fell to a session low at 96.87 at 7:26 […] Read more

AUD/USD edged lower on reduced risk appetite

Australian dollar edged lower against the greenback on Monday, as the budget deadlock in the United States pressured demand for high-yielding currencies, such as the Aussie. AUD/USD fell to a session low at 0.9391 at 7:05 GMT, after which consolidation followed at 0.9395, losing 0.42% for the day. Support was likely to be received at […] Read more