Currency News

AUD/USD slipped lower

Australian dollar slipped to lower levels against its US counterpart on Friday, after having maintained gains from Thursday trade, following a speculation that its weekly loss was excessive. AUD/USD fell to its lowest point today at 0.8984 at 6:18 GMT, after which the pair consolidated at 0.8995. Support was expected to be found at August […] Read more

USD/CAD on six-week highs

US dollar soared against its Canadian peer on Thursday, reaching its highest point in six weeks, following the weaker-than-projected Canadian retail sales and the minutes of Federal Reserve Banks meeting in July. USD/CAD reached a session high at 1.0515 at 13:20 GMT, also the pairs highest point since July 10th, after which consolidation followed at […] Read more

USD/CHF moved higher after Fed minutes

US dollar gained ground also against the Swiss franc on Thursday, after the minutes of Federal Reserves July meeting showed that policymakers expressed different opinions about the timing of banks stimulus program scale back. USD/CHF hit a session high at 0.9289 at 10:36 GMT, also the pairs highest since August 19th, after which the pair […] Read more

Series of PMIs out the Euro zone sent EUR/USD to session highs

The euro climbed to its highest level on trading Thursday, after a report revealed that activity in the Euro region increased at its fastest pace in two years in August. EUR/USD hit a session high at 1.3363 at 8:01 GMT, after which consolidation followed at 1.3356. The pair was to find support at current session […] Read more

USD/JPY advanced after Fed minutes

US dollar reached a one-week high against the Japanese yen on Thursday, after the release of minutes of Feds most recent meeting, while at the same time, Chinese manufacturing PMI rose more than anticipated in August. USD/JPY climbed to a session high at 98.42 at 8:09 GMT, also the pairs highest since August 15th, after […] Read more

AUD/USD moved higher after Chinese manufacturing activity report

Australian dollar advanced against its US counterpart on trading Thursday, as optimism over Chinese economic development was boosted, after an official report said that manufacturing activity rose more than expected in August. AUD/USD rose to a session high at 0.9006 at 7:27 GMT. Support for the pair was likely to be received at August 6th […] Read more

EUR/USD fell after Fed minutes

The euro edged lower against the advancing US dollar on Thursday, after it became clear that FOMC policymakers expressed different opinions, regarding the timing of Feds stimulus program pare back. EUR/USD slid to a session low at 1.3330 at 0:30 GMT, also the pairs lowest since August 20th, after which consolidation followed at 1.3347, falling […] Read more

NZD/USD slid after Chinese PMI, FOMC

New Zealand dollar retreated against its US counterpart on Thursday, although a report showed that Chinese advance manufacturing PMI rose more than projected in August. NZD/USD fell to its lowest point today at 0.7808 at 0:20 GMT, after which consolidation followed at 0.7830. Support was likely to be found at 0.7800, while resistance was to […] Read more

EUR/USD erased earlier gains

The euro slid to negative territory against the US dollar on Wednesday, falling from six-month highs, as investors focused on the minutes of Fed’s most recent meeting on monetary policy later in the day. EUR/USD fell to its lowest point today at 1.3373 at 13:32 GMT, after which consolidation followed at 1.3383. Support for the […] Read more

USD/CAD on six-week highs

US dollar managed to climb to six-week highs against its Canadian counterpart on Wednesday, as investors expected the minutes of Feds most recent meeting on policy later today. USD/CAD hit its highest point at 1.0446 at 9:00 GMT, also the pairs highest since July 11th, after which consolidation followed at 1.0440. Support was likely to […] Read more