Currency News

USD/CAD steady after US data string

US dollar traded steadily against its Canadian counterpart, after losing certain ground earlier on Thursday, following the release of positively-toned reports on initial jobless claims, employment change and activity in the sector of services out of the United States. USD/CAD distanced from its lowest point today at 1.0474, recorded at 12:21 GMT, to trade at […] Read more

GBP/USD advanced to session highs after BoE maintained policy course

Having lost ground against the US dollar earlier on Thursday, the sterling managed to recover and climb to the highest point for todays trade, after Bank of England (BoE) decided to leave its monetary policy unchanged. GBP/USD hit a session high at 1.5661 at 11:19 GMT, after which consolidation followed at 1.5646, gaining 0.12% for […] Read more

USD/JPY on six-week highs following Bank of Japan’s statement

US dollar advanced to its highest level in six weeks against the Japanese yen on Thursday, following the decision by Bank of Japan to leave its monetary policy course unchanged and amid expectations of a possible scale back of Federal Reserve Banks easing program this month. USD/JPY hit a session high at 100.08 at 7:35 […] Read more

EUR/USD on negative ground before ECB rate decision, US ADP report

The euro slipped to negative territory against the US dollar on Thursday, as market players remained wary ahead of European Central Banks (ECB) rate decision and the ADP report on US employment. EUR/USD slid to a session low at 1.3162 at 5:45 GMT, after which consolidation followed at 1.3175, down by 0.24% for the day. […] Read more

AUD/USD fell from two-week highs after Australian trade balance data

Australian dollar came off over two-week highs against its US peer on Thursday, following the downbeat trade balance report out of Australia and ahead of ADP Research Institute report on employment in the United States. AUD/USD fell from the current session high at 0.9187, recorded at 1:50 GMT, which was pairs highest level since August […] Read more

USD/CAD on negative territory after US, Canadian trade balance data and BoC rate decision

US dollar entered negative territory against its Canadian counterpart on Wednesday, following the release of downbeat US and Canadian trade balance reports, while expectations that the Federal Reserve Bank will begin trimming its asset purchases in September were still providing support for the greenback. USD/CAD reached a session low at 1.0477 at 10:30 GMT, also […] Read more

GBP/USD on session highs after strong UK services PMI

The pound soared to its highest point today against the US dollar, following the release of stronger than expected report on services PMI in the United Kingdom. GBP/USD hit a session high at 1.5609 at 9:02 GMT, after which the pair consolidated at 1.5605, up by 0.29% for the day. Support was likely to be […] Read more

USD/JPY little changed

US dollar was little changed against the Japanese yen on Wednesday, as positive Japanese PMI supported the yen, while expectations of a near-term scale back of the Federal Reserve Banks Quantitative Easing continued underpinning demand for the greenback. USD/JPY reached a session high at 99.79 at 6:04 GMT, after which consolidation followed at 99.60, with […] Read more