Currency News

EUR/USD on highs unseen in seven months after Federal Reserve Bank’s policy decision

The euro reached its highest point in seven months against the US dollar on Thursday, after on Wednesday the Federal Reserve did not introduce any reduction of scale of its monthly asset purchases at its two-day policy meeting. EUR/USD hit a session high at 1.3540 at 6:31 GMT, also the pairs highest point since February […] Read more

NZD/USD kept gains after NZ GDP report, Fed decision

New Zealand dollar was maintaining gains against its US peer on Thursday, following the release of better than forecast Gross Domestic Product data out of New Zealand. NZD/USD reached a session high at 0.8410 at 1:50 GMT, after which consolidation followed at 0.8401, gaining 0.35% for the day. Support was likely to be received at […] Read more

USD/CAD edged higher before Fed

US dollar edged higher against its Canadian counterpart on Wednesday, before the Federal Reserve makes a decision whether to reduce its monetary stimulus, which has increased demand for high-risk assets. USD/CAD touched a session high at 1.0313 at 13:01 GMT. Support was likely to be found at September 16th low, 1.0283, while resistance was to […] Read more

USD/CHF little changed, Fed decision in focus

US dollar was almost unchanged against the Swiss franc on trading Wednesday, as market players used caution making decisions how to position themselves ahead of the outcome of the FOMC meeting on policy. USD/CHF touched a session high at 0.9267 at 11:00 GMT, after which consolidation followed at 0.9260, ticking up a mere 0.01% for […] Read more

GBP/USD on eight-month highs after Bank of England minutes

British pound advanced to fresh eight-month highs against the greenback on trading Wednesday, as the minutes from Bank of Englands most recent meeting revealed an unanimous vote regarding the future policy course of the bank and a more optimistic UK growth outlook. GBP/USD reached a session high at 1.5969 at 9:00 GMT, the pairs highest […] Read more

USD/JPY stable before Fed

US dollar traded with stability against the Japanese yen on Wednesday ahead of the keenly anticipated outcome of Federal Reserve Banks policy meeting, as expectations pointed asset purchase tapering to a certain extent. USD/JPY reached a session high at 99.32 at 1:40 GMT, after which consolidation followed at 99.17, up by 0.05% for the day. […] Read more

NZD/USD lower ahead of Fed, but NZ current account balance data still provided support

New Zealand dollar slipped to lower levels against its US counterpart on trading Wednesday ahead of Federal Reserve Banks decision on policy, but the kiwi was still supported after the release of stronger than anticipated current account balance data out of New Zealand. NZD/USD slid to a session low at 0.8212 at 0:30 GMT, after […] Read more

EUR/USD little changed, close to three-week highs before the Federal Reserve announces its decision

The euro was slightly changed against the US dollar on Wednesday and was trading in proximity to three-week highs ahead of Federal Reserves decision on policy. EUR/USD reached a session high at 1.3363 at 5:10 GMT, after which consolidation followed at 1.3361, ticking up a mere 0.03% for the day. Support for the pair was […] Read more

AUD/USD on negative territory ahead of Fed policy decision

Australian dollar traded lower against its US counterpart on Wednesday, as investors awaited the outcome of Federal Reserves monthly meeting later in the day. AUD/USD fell to a session low at 0.9335 at 0:40 GMT, after which consolidation followed at 0.9359. Support was likely to be found at September 9th low, 0.9168, while resistance was […] Read more

USD/CAD lower after US CPI data, Fed meeting in focus

US dollar traded lower against its Canadian counterpart on Tuesday, after US consumer prices registered an insignificant increase, while the outcome of the monthly policy meeting by the Federal Reserve Bank was put into investors focus. USD/CAD hit a session low at 1.0302 at 12:30 GMT, after which consolidation followed at 1.0311, losing 0.15% for […] Read more