Currency News

USD/JPY on one-week highs

US dollar advanced to its highest point in one week against the Japanese yen on Thursday, amid signs of a compromise among US lawmakers, that could avert an unprecedented default and after the release of the minutes of FOMC most recent meeting on policy. USD/JPY reached a session high at 97.83 at 5:00 GMT, also […] Read more

EUR/USD lower after FOMC minutes

The euro was trading lower against the US dollar on Thursday, following the release of the minutes of Federal Open Market Committee (FOMC) meeting on September 17th-18th, which revealed that most policymakers supported the idea of paring back the banks stimulus program this year. EUR/USD slid to a session low at 1.3488 at 5:00 GMT, […] Read more

AUD/USD retreated after weaker than expected employment data from Australia

Australian dollar lost ground against its US rival on Thursday, after a report showed that employers in Australia added fewer than projected job positions in September, as this data neutralized the positive influence, caused by the decreased rate of unemployment in the country. AUD/USD slipped to a session low at 0.9390 at 5:15 GMT, after […] Read more

USD/CAD advanced to three-week highs, EUR/USD and GBP/USD continued lower

US dollar rose to its highest point in three weeks against the Canadian rival on Wednesday, after a White House official said that Fed Vice Chairman Janet Yellen is to be nominated as the next Chairman and also be the first lady to take this post in all-time history of the central bank. USD/CAD reached […] Read more

USD/CHF on eight-day highs after Yellen news

US dollar advanced to its highest point in eight trade sessions against the Swiss franc on Wednesday, as a White House official said that US President Barack Obama will nominate Fed Vice Chairman Janet Yellen as the next Chairman of the bank, while this news reduce demand for haven assets, such as the franc. USD/CHF […] Read more

GBP/USD with a sudden drop to two-week lows after a set of disappointing UK data

British pound tumbled to its lowest point in two weeks against the US dollar on Wednesday, following the release of disappointing data on trade balance and manufacturing production out of the United Kingdom. GBP/USD fell to a session low at 1.5967 at 8:51 GMT, after which consolidation followed at 1.5978, losing 0.66% for the day. […] Read more

USD/JPY higher after Yellen news

US dollar traded higher against the Japanese yen on Wednesday, as a White House official said that US President Barack Obama will nominate Fed Vice Chairman Janet Yellen as the next Chairman of the bank, while this news dampened demand for safe haven assets, such as the yen. USD/JPY reached a session high at 97.47 […] Read more

EUR/USD with losses after news Yellen will probably lead the Federal Reserve after Bernanke

The euro traded lower against the US dollar on Wednesday, following the announcement that Federal Reserve Vice Chairman Janet Yellen will probably be the first lady to lead the US central bank in its 100-year history. EUR/USD slipped to a session low at 1.3536 at 7:06 GMT, after which consolidation followed at 1.3541, losing 0.25% […] Read more

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