Currency News

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

EUR/USD on positive territory amid ZEW optimism about Euro zone economy

The euro registered gains against the US dollar on Tuesday, following an upbeat set of ZEW indicators out of the Euro zone and Germany, which bolstered optimism, regarding economic recovery in the region. EUR/USD reached a new session high at 1.3367 at 9:00 GMT, after which consolidation followed at 1.3362, gaining 0.21% for the day. […] Read more

GBP/USD fell from session highs after UK data string

British pound came off almost eight-month highs against the US dollar on Tuesday, following official data to show that consumer price index in the United Kingdom decelerated in August, while the greenback was pressured ahead of Federal Open Market Committee (FOMC) policy meeting, starting later today. GBP/USD fell from a session high at 1.5935, recorded […] Read more

NZD/USD little changed as FOMC meeting was in focus

New Zealand dollar traded with a slight change against its US counterpart on Tuesday, as investors remained wary ahead of the decision by the Federal Reserve Bank regarding stimulus. NZD/USD touched a session high at 0.8189 at 1:30 GMT, the pairs highest point since May 16th, after which consolidation followed at 0.8177, gaining 0.07% on […] Read more

USD/JPY slightly higher before Fed

US dollar traded slightly higher against the Japanese yen on Tuesday, as investors were predominantly cautious ahead of the outcome of Federal Reserve Banks two-day monetary policy meeting, starting today. USD/JPY reached a session high at 99.36 at 3:00 GMT, the pairs highest point since September 13th, after which consolidation followed at 99.23, gaining 0.14% […] Read more