Currency News

EUR/USD on five-week lows

The euro slid to the lowest point in five weeks against the US dollar on Tuesday, despite the positive Euro zone PMI data, as market sentiment received a boost after the upbeat Chinese manufacturing data, which suggested a positive view over global economic recovery and a boost for the greenback. EUR/USD fell to a session […] Read more

AUD/USD gained positions on Australian data, RBA rate decision

Australian dollar advanced against its US counterpart on Tuesday, following the decision by the Reserve Bank of Australia (RBA) to leave the benchmark interest rate without change at the current record low level. AUD/USD reached a session high at 0.9047 at 5:13 GMT, after which consolidation followed at 0.9039, gaining 0.67% for the day. Support […] Read more

EUR/USD slipped lower despite positive Euro zone data

The euro slipped to lower levels against the US dollar on Monday in thin trade, despite the released upbeat manufacturing sector data out of the Euro zone, while focus was being set on the upcoming ECB meeting on policy, scheduled on Thursday. EUR/USD fell to a session low at 1.3191 at 0:40 GMT. At 14:05 […] Read more

USD/CHF steady on positive territory

US dollar traded on higher levels against the Swiss franc on Monday, while situation with Syria still supported safe haven demand for the greenback. USD/CHF hit a session high at 0.9335 at 0:20 GMT, after which the pair consolidated at 0.9322, up by 0.17% for the day. Support was likely to be found in the […] Read more

GBP/USD shot to session highs after upbeat UK manufacturing PMI data

The sterling rose sharply against the US dollar on Monday, following the release of considerably better than projected manufacturing PMI data out of the United Kingdom, while concerns over a possible military strike on Syria slightly cooled. GBP/USD rallied to its highest point on Monday at 1.5592 at 8:29 GMT, also the pairs highest since […] Read more

USD/JPY on one-week highs

US dollar strengthened to reach its highest point against the Japanese yen in one week during Mondays thin trade, while situation with Syria still supported safe haven demand for the greenback. USD/JPY rose to a session high at 99.37 at 7:41 GMT, the highest point since August 23rd, after which consolidation followed at 99.28, still […] Read more

EUR/USD little changed ahead of the series of manufacturing PMIs, Syria still in focus

The euro traded steadily against the US dollar on Monday through the course of a light trade, while situation with Syria still supported demand for the greenback. EUR/USD touched a session high at 1.3226 at 7:13 GMT. Support for the pair was to be found at July 22nd low, 1.3144, while resistance was to be […] Read more

AUD/USD rallied to its highest point for the day after Chinese PMI

Australian dollar soared against its US peer on Monday, following the release of stronger than projected manufacturing PMI data out of China. Having lost 1.35% last week, AUD/USD pair hit a session high at 0.8992 at 6:22 GMT, after which consolidation followed at 0.8985, advancing 0.94% on a daily basis. Support was likely to be […] Read more

USD/CAD close to session highs after Canadian, US data

US dollar traded in proximity to its highest point on Friday against its Canadian peer, following the release of slightly disappointing Canadian GDP data and mixed US data. USD/CAD reached a session high at 1.0560 at 15:38 GMT, after which consolidation followed at 1.0554. Support was likely to be found at August 29th low, 1.0480, […] Read more

EUR/USD little changed ahead of US series of data

The euro remained stable against the US dollar, following the release of the harmonized index of consumer prices and unemployment rate reports out of the Euro zone, while investorsfocus was on the last string of data from the United States, scheduled this week. EUR/USD touched a session high at 1.3251 at 9:10 GMT, after which […] Read more