Currency News

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

EUR/USD edged higher on ongoing US budget deadlock

The euro was edging higher against the US dollar on Monday, as the partial government shutdown in the United States entered its second week and this put pressure on the greenback. EUR/USD reached a session high at 1.3575 at 6:03 GMT, after which consolidation followed at 1.3571, gaining 0.13% for the day. Support was likely […] Read more

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