Currency News

USD/CAD rose after Canadian CPI data

US dollar recorded gains against its Canadian counterpart on Friday, following the release of consumer price inflation report out of Canada to show that the CPI has slowed down in August. USD/CAD reached a session high at 1.0301 at 12:19 GMT, also the pairs highest point since September 18th, after which consolidation followed at 1.0289, […] Read more

US dollar higher versus Indian rupee following RBI rate decision

US dollar was trading higher against the Indian rupee during Fridays light trade, after Indian central bank unexpectedly raised its benchmark repurchase rate in attempt to curb inflation rate. USD/INR reached a session high at 62.995 at 9:00 GMT, after which consolidation followed at 62.505, still gaining 0.50% for the day. Support was expected at […] Read more

GBP/USD climbed higher following the upbeat UK data points

British pound edged higher against the US dollar on Friday, following upbeat public sector net borrowing data out of the United Kingdom. GBP/USD reached a session high at 1.6065 at 7:45 GMT, after which consolidation followed at 1.6054, gaining 0.13% for the day. Support was to be received at September 18th low, 1.5893, while resistance […] Read more

USD/JPY on lower levels following Kuroda statement

US dollar fell against the Japanese yen on Friday, following the statement by Bank of Japan Governor Haruhiko Kuroda, while the decision by Fed to leave stimulus unchanged continued to weigh on the greenback. USD/JPY slid to a session low at 99.16 at 4:30 GMT, after which consolidation followed at 99.28, still losing 0.18% for […] Read more

EUR/USD almost unchanged, close to seven-month highs

The euro was little changed against the US dollar during Fridays thin trade, trading in proximity to seven-month highs, as markets awaited the economic sentiment report out of the Euro zone later in the day, while Feds decision not to taper this month was still weighing on the greenback. EUR/USD touched a session high at […] Read more

AUD/USD on positive territory after Fed policy decision

Australian dollar was trading higher against its US counterpart on Friday, following the decision by the Federal Reserve Bank to leave monetary stimulus unchanged on Wednesday. AUD/USD reached a session high at 0.9457 at 6:09 GMT, after which consolidation followed at 0.9454, gaining 0.15% for the day. Support was likely to be received at September […] Read more

USD/CAD distanced from three-month lows after US data

US dollar managed to rebound from its lowest point in three months against the Canadian currency on Thursday, after the release of upbeat existing home sales and Philadelphia Fed index of manufacturing out of the United States. USD/CAD distanced from a session low at 1.0181, recorded at 9:20 GMT, also the pairs lowest point since […] Read more

EUR/USD pared earlier gains after US data points

The euro pared earlier gains against the US dollar, following the release of US data string to show the number of initial jobless claims rose less than projected, while the deficit on US current account contracted. Having reached a fresh session high and also highest point since February 7th at 1.3568 at 8:33 GMT, EUR/USD […] Read more

USD/CHF down to seven-month lows as SNB left policy unchanged

US dollar slid to its lowest point in seven months against the Swiss franc on Thursday, as the Swiss National Bank (SNB) reached a decision to leave its monetary policy without change. USD/CHF fell to a session low at 0.9091 at 8:33 GMT, also the pairs lowest point since February 7th, after which consolidation followed […] Read more

USD/JPY soared as safe haven demand was dampened

US dollar was trading on higher levels against the Japanese yen on Thursday, as the Federal Reserve Bank’s unexpected decision to keep its monetary policy intact dampened demand for safe haven currencies, such as the yen. USD/JPY jumped to a session high at 98.84 at 7:45 GMT, gaining 0.91% on a daily basis. Support was […] Read more