Currency News

NZD/USD fell on risk aversion

New Zealand dollar lost ground against its US counterpart on Monday, as market players were abandoning higher-yielding assets, such as the kiwi dollar, amid the ongoing US partial government shutdown. NZD/USD fell to a session low at 0.8282 at 4:01 GMT, after which consolidation followed at 0.8302, losing 0.29% for the day. Support was likely […] Read more

USD/CAD on session lows after Canadian PMI data

US dollar slid against its US counterpart on Friday, following a survey by the Richard Ivey School of Business and Purchasing Management Association showed that Canadian business activity improved in September. USD/CAD fell to a session low at 1.0298 at 14:40 GMT, after which consolidation followed at 1.0304, still down 0.28% for the day. Support […] Read more

GBP/USD lost ground amid UK interest rate speculation

British pound was trading lower against the US dollar on Friday, after reaching a nine-month high earlier in the week, as speculation appeared that economic recovery in the United Kingdom was not sufficiently strong in order to ensure an early raise in the benchmark interest rate. GBP/USD fell to a session low at 1.6043 at […] Read more

AUD/USD rose on bets RBA will keep interest rates on hold this year

Australian dollar traded on higher levels against its US counterpart on Friday, as expectations that the Reserve Bank of Australia (RBA) will consider a reduction in interest rates this year have diminished. AUD/USD reached a session high at 0.9446 at 6:13 GMT, after which consolidation followed at 0.9438, still gaining 0.46% on a daily basis. […] Read more

EUR/USD little changed, close to eight-month highs due to US political deadlock

The euro was slightly changed against the US dollar on Friday, trading in proximity to eight-month highs, as the political deadlock in the United States continued to cause pressure on the greenback. EUR/USD touched a session high at 1.3630 at 6:38 GMT, after which consolidation followed at 1.3620, ticking up a mere 0.01% for the […] Read more

USD/JPY with losses after BoJ rate decision

US dollar traded slightly lower against the Japanese yen on Friday, following the decision by Bank of Japan (BoJ) to leave its benchmark interest rate unchanged at its monthly meeting. USD/JPY slid to a session low at 96.98 at 6:00 GMT, after which consolidation followed at 97.03, losing 0.26% for the day. Support was likely […] Read more

EUR/USD on fresh eight-month highs on ISM non-manufacturing report

The euro advanced to a new eight-month high against the US dollar on trading Thursday, as the report on activity in the US non-manufacturing sector introduced disappointment. EUR/USD climbed to a new session high at 1.3626 at 14:04 GMT, the pairs highest point since February 4th, after which consolidation followed at 1.3613, gaining 0.25% for […] Read more

USD/CAD slightly lower after US initial jobless claims

US dollar was slightly losing ground against its Canadian counterpart on Thursday, despite that the number of initial jobless claims in the United States increased less than expected last week, but the political deadlock in the country was still pressuring the greenback. USD/CAD came off a session high at 1.0338, recorded at 11:01 GMT, to […] Read more

GBP/USD almost unchanged, trading close to nine-month highs after UK services data

The pound traded with stability against the US dollar on Thursday, trading in proximity to nine-month highs, following the release of a report to show that activity in the sector of services in the United Kingdom decreased at a lesser rate than projected in September. GBP/USD slipped to a session low at 1.6191 at 7:53 […] Read more

EUR/USD preserved gains, trading close to eight-month highs

The euro traded in proximity to its highest point in eight months against the US dollar on Thursday, due to developments regarding political situation in Italy and as US government shutdown continued, raising concerns that it could lead to economic growth slow down and urge the Federal Reserve Bank to maintain the pace of its […] Read more