Currency News

USD/JPY distanced from two-week lows

US dollar managed to rebound from two-week lows against the Japanese currency on Wednesday, following the sharp decline yesterday, as tension in the Middle East continued giving support to safe haven assets. USD/JPY climbed to a session high at 97.50 at 7:34 GMT, after having fallen below the psychological 97.00 level earlier. Consolidation followed at […] Read more

EUR/USD lower on German consumer confidence, Syria tension

The euro slipped to lower levels against the US dollar on Wednesday, as tension in the Middle East escalated and laid support to safe haven assets. EUR/USD fell to its lowest point today at 1.3370 at 7:11 GMT. Support was likely to be found at August 27th low, 1.3321, while resistance was to be encountered […] Read more

AUD/USD continued its fall as Syria concerns escalated

Australian dollar continued its downward movement against the greenback on Wednesday, as investors abandoned higher-yielding assets and boosted bets on the US dollar amid prospects of a military campaign by the United States against Syria. AUD/USD fell to a session low at 0.8903 at 4:59 GMT, after which the pair consolidated at 0.8925. Support was […] Read more

USD/CAD pared previous gains, still on positive ground

US dollar came off session highs against its Canadian peer on Tuesday, but remained still supported, as fears of a possible military campaign by the United States against Syrian government grew stronger. USD/CAD reached a session high at 1.0538 at 8:00 GMT, also the pairs highest point since August 23rd, after which consolidation followed at […] Read more

EUR/USD close to session lows

The euro continued trading in proximity to session lows against the US dollar on Tuesday amid escalating geopolitical situation between the United States and Syria, which led to safe haven demand boost for the greenback. EUR/USD fell sharply to a session low at 1.3325 at 8:10 GMT, also the pairs lowest point since August 22nd, […] Read more

USD/CHF lower amid Syria concerns

US dollar edged lower against the Swiss franc on Tuesday, but still remained supported as a safe haven, after U.S. Secretary of State John Kerry said Syria will be held liable for the usage of chemical weapons. USD/CHF fell to a session low at 0.9182 at 8:00 GMT, also the pairs lowest point since August […] Read more

NZD/USD maintained losses

New Zealand dollar was still on negative territory against its US counterpart during European late morning session on Tuesday, as uncertainty over the future of Feds stimulus program urged investors to act cautiously. NZD/USD reached a session low at 0.7767 at 8:08 GMT, after which consolidation followed at 0.7783, plummeting 0.92% on a daily basis. […] Read more

USD/JPY down to session lows on safe haven demand

US dollar was losing ground against the Japanese yen on Tuesday, because of concerns that the United States might consider a military intervention in Syria, which strenghtened demand for traditional safe haven assets, such as the yen. USD/JPY took a slide to its lowest point during Tuesday trade at 97.77 at 7:55 GMT, also the […] Read more

AUD/USD plunged on Syria tension

Australian dollar lost positions considerably against its US counterpart on Tuesday, as concerns appeared that the United States might consider a military intervention in Syria, which boosted demand for the greenback. AUD/USD plunged to its lowest point since August 22nd, currently the session low, at 0.8944 at 6:22 GMT, after which consolidation followed at 0.8960. […] Read more

EUR/USD on negative territory

The euro retreated against the US dollar on Tuesday, because of concerns over a possible military action by the United States against Syrian government, which supported demand for the greenback. EUR/USD fell to a session low at 1.3355 at 6:15 GMT, after which consolidation followed at 1.3363. Support for the pair was expected at August […] Read more