Currency News

USD/CAD slid in cautious trade

US dollar was trading lower against its Canadian counterpart on Monday, as market players awaited the release of the minutes of Federal Reserve Banks July meeting amid ongoing speculation over the possible timing of banks asset purchase scale back. USD/CAD slid to a session low at 1.0320 at 14:20 GMT. Support was likely to be […] Read more

USD/CHF little changed in calm trade

US dollar traded with a slight change against the Swiss franc on Monday, as uncertainty over the future of Federal Reserves bond-buying program was still persistent. USD/CHF fell to a session low at 0.9247 at 10:18 GMT, after which consolidation followed at 0.9263. Support for the pair was likely to be received at August 16th […] Read more

USD/JPY advanced after Japanese trade balance data

US dollar advanced against the Japanese yen on Monday, following the release of weaker than projected trade balance report out of Japan, as the lack of clarity over the future of Federal Reserve Bank’s stimulus program persisted. USD/JPY reached its highest point at 97.84 at 0:10 GMT, the pairs highest since August 15th, after which […] Read more

AUD/USD on three-week highs ahead of RBA minutes

Australian dollar was trading close to three-week highs against its US counterpart on Monday, following the disappointing new auto sales, as the lack of clarity over the future of Federal Reserve Banks stimulus continued. AUD/USD reached its highest point on Monday at 0.9232 at 2:20 GMT, also the pairs highest since July 29th, after which […] Read more

EUR/USD slightly lower in calm trade

The euro slipped to lower levels against the US dollar on Monday, following the data from last week and amid the persistent speculation over the timing of Feds Quantitative Easing pare back. EUR/USD reached its highest point at 1.3342 during the early phase of Asian trade, after which fell to a session low at 1.3314 […] Read more

NZD/USD on session highs

New Zealand dollar continued its movement upwards against the greenback, reaching session highs during Monday trade, as the earlier released Input Producer Price Index out of New Zealand was still supporting the kiwi. NZD/USD hit its highest point on Monday at 0.8140 at 6:11 GMT, after the pair advanced 0.82% last week. Support was likely […] Read more

EUR/USD with little reaction to less optimistic US data

The euro showed little reaction against the US dollar, following the recent series of economic reports, released from the United States, as data implied that US recovery was probably not strong enough in order the Federal Reserve Bank to begin scaling back its asset purchases. EUR/USD hit a session high at 1.3379 at 13:26 GMT, […] Read more

USD/CAD advanced on Canadian and US data

During Friday trade the greenback gained ground against the Canadian dollar, following the release of weak Canadian economic indicators, which triggered selling pressure on the loonie, while at the same time US dollars gains seemed limited due to mixed US data. USD/CAD reached its highest point today at 1.0342 at 13:09 GMT, after which consolidation […] Read more

EUR/USD remained steady after Euro region’s current account and consumer inflation data

The euro was holding positions against the US dollar on Friday, following weaker than projected current account data out of the Euro zone, as market players were focusing on the US reports, scheduled later in the day. EUR/USD recovered from a session low at 1.3324, recorded at 6:59 GMT, after which consolidation followed at 1.3338, […] Read more

NZD/USD regained ground

New Zealand returned to positive territory against the greenback on Friday, after tumbling to session lows following an earthquake striking New Zealands capital city, while investors awaited the last set of crucial economic reports for this week out of the United States. NZD/USD fell from two-month highs to reach a session low at 0.8059 at […] Read more