Currency News

EUR/USD pared earlier gains after better-than-forecast US durable goods orders

The euro trimmed its earlier gains against the US dollar today, following a report to show that US durable goods orders edged higher in August, exceeding preliminary estimates, which implied that factory sector may show an improved performance during the third quarter of the year. Having touched a session high at 1.3519 earlier, EUR/USD cross […] Read more

GBP/USD rose to fresh session highs after strong CBI distributive trades

The sterling climbed to session highs against the US dollar on Wednesday, following a report to show that a gauge of British retail sales increased unexpectedly in September. GBP/USD reached a session high at 1.6056 at 11:12 GMT. Support was likely to be received at September 18th low, 1.5891, while resistance was to be met […] Read more

USD/JPY maintained losses on safe haven demand

Japanese yen managed to keep gains against the US dollar on Wednesday, due to concerns that budget talks in Washington may lead to a federal government shutdown, which bolstered demand for safe haven currencies, such as the yen. USD/JPY fell to a session low at 98.38 at 8:32 GMT, after which consolidation followed at 98.54, […] Read more

AUD/USD fell for a second day

Australian dollar lost value against its US counterpart for a second day in a row, after the Reserve Bank of Australia (RBA) said a weaker currency should support exporters, while the uncertainty over Feds monetary policy also weighed on sentiment. AUD/USD slid to a session low at 0.9347 at 7:31 GMT, after which consolidation followed […] Read more

NZD/USD fell to lowest in one week after NZ trade deficit widened

New Zealand dollar slid to its lowest point in one week against the US peer on Wednesday, after a report showed that the deficit on New Zealands trade balance in August was larger than initially projected. NZD/USD fell to a session low at 0.8219 at 3:57 GMT, also the pairs lowest point since September 18th, […] Read more

EUR/USD almost unchanged, trading close to one-week lows

The euro was slightly changed against the US dollar on Wednesday, trading in proximity to its lowest point in one week despite improving German consumer confidence. EUR/USD slipped to a session low at 1.3461 at 3:40 GMT, after which consolidation followed at 1.3473, dipping a mere 0.01% for the day. Support was likely to be […] Read more

USD/CAD slightly higher after US, Canadian data

Having fallen to session lows earlier on trading Tuesday, the US dollar managed to regain certain ground against its Canadian peer, after the release of mixed data out of Canada and the United States. USD/CAD distanced from the previously recorded session low at 1.0272 to reach a session high at 1.0309 at 14:26 GMT. Support […] Read more

GBP/USD fell to session lows

The sterling retreated against the US dollar on Tuesday, reaching its lowest point today, as sentiment was dominated by continuing uncertainty over the course of Federal Reserves monetary policy. GBP/USD fell to a session low at 1.5954 at 12:19 GMT, after which consolidation followed at 1.5967, still losing 0.48% for the day. Support for the […] Read more

EUR/USD trimmed gains after German business climate did not meet expectations

The euro pared earlier gains against the US dollar, following the release of weaker-than-projected business climate index for Germany. EUR/USD fell from a session high, registered at 1.3518 at 7:56 GMT, to erase 0.2% today, reaching 1.3493. Support was expected at September 23rd low, 1.3478, while resistance was to be met at September 23rd high, […] Read more

NZD/USD fell due to a drop in Asian equities

New Zealand’s dollar retreated against its US counterpart on Tuesday, heading for the biggest drop this month, after hitting the highest level in four months last week, because the drop in Asian shares triggered risk aversion. NZD/USD fell to a session low at 0.8303 at 8:01 GMT, the pairs lowest point since September 18th. Support […] Read more