Currency News

AUD/USD traded close to two-week lows ahead of Fed minutes

Australian dollar fell for a third day against the greenback, trading close to two-week lows, as markets awaited the release of the minutes of Feds most recent meeting on policy. AUD/USD fell to its lowest point today at 0.9017 at 2:00 GMT, also the pairs lowest since August 8th, after which consolidation followed at 0.9030. […] Read more

EUR/USD remained close to six-month highs

The euro was trading in proximity to six-month highs against the US dollar on Wednesday, as the lack of clarity, regarding Federal Reserve Banks easing program, was still present and was causing the main influence on investors decisions. EUR/USD reached its highest point on Wednesday at 1.3426 at 2:40 GMT, after which consolidation followed at […] Read more

NZD/USD continued its movement downwards ahead of Federal Reserve minutes

New Zealand dollar continued its decline against the greenback on Wednesday, as market players abstained from operating with riskier assets ahead of the release of the minutes of Feds July meeting on monetary policy. NZD/USD fell to its lowest point today at 0.7907 at 1:50 GMT, after which consolidation followed at 0.7935. Support for the […] Read more

EUR/USD on six-month highs

The euro advanced to its highest level in six months against the US dollar during Tuesdays light trade, as uncertainty over the future of Fed’s stimulus program continued to persist. EUR/USD hit a session high at 1.3452 at 13:42 GMT, also the pairs highest since February 14th, after which consolidation followed at 1.3434, soaring 0.75% […] Read more

USD/CAD on session highs

US dollar advanced to session highs versus its Canadian peer on Tuesday, as uncertainty over the timing of Federal Reserves Quantitative Easing scale back continued, while investors remained wary. USD/CAD reached a session high at 1.0401 at 12:32 GMT, the pairs highest since August 8th, after which consolidation followed at 1.0393. Support was likely to […] Read more

GBP/USD on two-month highs

British pound advanced to its highest level in two months against the US dollar on Tuesday, as the lack of clarity over the future of Federal Reserve Banks stimulus program was still present. GBP/USD reached a session high at 1.5678 at 8:32 GMT, also the pairs highest since June 18th, after which consolidation followed at […] Read more

USD/JPY slid on safe haven demand

US dollar showed a retreat against the Japanese yen on Tuesday, following the decline in Asian and European stocks, which boosted safe haven demand for the yen. USD/JPY fell to its lowest point today at 96.98 at 7:40 GMT, also the pairs lowest since August 16th, after which consolidation followed at 97.13. Support was likely […] Read more

NZD/USD plunged on comments by the Reserve Bank of New Zealand

New Zealand dollar plummeted against its US peer on Tuesday, following comments made by the Reserve Bank of New Zealand (RBNZ), while market players awaited the release of the minutes of Federal Reserves July meeting. NZD/USD reached a session low at 0.7958 at 6:47 GMT, the lowest point since August 14th, after which consolidation followed […] Read more

EUR/USD slightly higher ahead of Federal Reserve minutes

The euro was trading slightly higher against the US dollar on Tuesday, as uncertainty over the future of Feds stimulus program continued. EUR/USD reached its highest point today at 1.3355 at 5:15 GMT, after which consolidation followed at 1.3343. Support was likely to be found at August 16th low, 1.3310, while resistance was to be […] Read more

AUD/USD lost ground following RBA minutes

Australian dollar fell against its US counterpart on Tuesday, following the release of the minutes by Reserve Bank of Australias (RBA) latest meeting on monetary policy. AUD/USD slid to its lowest point on Tuesday at 0.9043 at 4:03 GMT, after which consolidation followed at 0.9061. Support for the pair was expected at August 15th low, […] Read more