Currency News

GBP/USD close to session lows

British pound traded close to its lowest point against the US dollar on Friday, as market players awaited the release of US series of data later in the day in expectation that it will reinforce the view of a possible stimulus program scale back by the Federal Reserve Bank soon. GBP/USD fell to a session […] Read more

NZD/USD little changed ahead of US data

New Zealand dollar was almost without change versus its US rival on Friday, as yesterdays US GDP report still was providing support to the greenback, while markets awaited the last series of economic data out of the United States, scheduled this week. NZD/USD reached a session high at 0.7795 at 7:02 GMT, while at 8:36 […] Read more

AUD/USD maintained gains after Australian private sector credit data

Australian dollar continued trading higher against its US counterpart on Friday, following the release of positive data, regarding private sector financing in Australia. AUD/USD hit a session high at 0.8957 at 7:02 GMT, after which consolidation followed at 0.8940, up by 0.10% for the day. Support for the pair was likely to be received at […] Read more

EUR/USD in steady trade close to two-week lows

The euro was trading steadily against the US dollar on Friday in proximity to two-week lows, after Thursdays upbeat GDP data out of the United States was still supporting the greenback and the view of a possible asset purchase scale back by the Federal Reserve soon. EUR/USD touched a session low at 1.3222 at 7:04 […] Read more

USD/JPY slipped lower after the string of Japanese data

US dollar edged lower against the Japanese yen on Friday, following the release of series of mixed economic data out of Japan, despite expectations of a possible stimulus tapering by the Federal Reserve Bank. USD/JPY reached its lowest point today at 98.06 at 2:20 GMT, after which consolidation followed at 98.16, down by 0.19% for […] Read more

USD/CHF advanced ahead of US GDP, focus put on Syria

US dollar was trading on higher levels against the Swiss franc on Thursday, as markets awaited the series of economic data out of the United States, while concerns over a possible military intervention by the US and its allies against Syria were still giving strength to safe haven assets, such as the greenback. USD/CHF climbed […] Read more

USD/CAD remained slightly higher after weak pending home sales

US dollar continued trading on positive territory against its Canadian peer on Wednesday, despite disappointing pending home sales report out of the United States, as prospects of a possible military strike by the US against Syria were still underpining demand for safe haven assets. USD/CAD climbed to a session high at 1.0512 during the early […] Read more

GBP/USD maintaned losses in risk-off trade

British pound continued losing ground against the US dollar for the second day in a row on Wednesday before Bank of England (BoE) Governor Mark Carney takes a statement amid speculation that he will confirm his intention to maintain the benchmark interest rate at record low level. GBP/USD fell to its lowest point today at […] Read more

NZD/USD slipped on Middle East tension

New Zealand dollar was trading lower against the greenback on Wednesday, as sentiment was dominated by the escalating tension in the Middle East and the prospect of a US military strike in Syria. NZD/USD slipped to a session low at 0.7745 during the early phase of Asian trade, after which consolidation followed at 0.7759, still […] Read more