Currency News

GBP/USD close to seven-week highs

British pound was trading in proximity to seven-week highs against the US dollar on Thursday, a day after Bank of Englands decision to maintain interest rates at current record low level until unemployment rate in the United Kingdom decreases to 7%. GBP/USD hit a session high at 1.5518 at 7:00 GMT, the highest point in […] Read more

USD/JPY on seven-week lows

US dollar was trading close to seven-week lows against the Japanese yen on Thursday due to safe heaven demand boost for the Japanese currency, amid continuing uncertainty over the future of Federal Reserves stimulus program. USD/JPY fell to a session low at 96.08 at 6:44 GMT, the pairs lowest point since June 19th, after which […] Read more

AUD/USD rose to highest levels this month despite weak Australian employment data

Australian dollar increased its value against the greenback on Thursday, despite the disappointing employment change report out of Australia, but on the other hand the Aussie received a boost after Chinese import figure rose more than projected in July. AUD/USD climbed to a session high at 0.9088 at 5:39 GMT, the highest point since July […] Read more

EUR/USD on seven-week highs

The euro was trading close to seven-week highs against the US dollar on Thursday, as uncertainty over the future of FEDs Quantitative Easing still pressured the greenback. EUR/USD reached its highest point for todays trade at 1.3352 at 5:43 GMT, also the pairs highest since June 19th, after which consolidation followed at 1.3339. Support was […] Read more

USD/CAD on session highs after disappointing building permits data from Canada

US dollar gained ground against its Canadian counterpart, reaching its highest point during Wednesday trade, following a report to show building permits in Canada plummeting for the first time in six months during June. USD/CAD hit a session high at 1.0443 at 13:05 GMT, the highest since July 11th, after which consolidation followed at 1.0427. […] Read more

GBP/USD on 1.5-month highs after BoE report, Carney press conference

The pound climbed to almost 1.5-month highs against the US dollar on Wednesday after Bank of England maintained interest rates at current record lows until unemployment rate in the United Kingdom decreases to 7%. GBP/USD reached its highest point since June 21st at 1.5491 at 10:55 GMT, after tumbling to 1.5207 earlier today, close to […] Read more

GBP/USD slid ahead of BoE inflation report

The sterling retreated against the US dollar on Wednesday for a second day in a row ahead of Bank of England Governor Mark Carneys statement on forward guidance, regarding interest rates in the United Kingdom. GBP/USD hit a session low at 1.5286 at 9:16 GMT, after which consolidation followed at 1.5296. The pair was to […] Read more

USD/JPY on six-week lows

US dollar slid to lowest point in six weeks against the Japanese yen on Wednesday, as Bank of Japan commenced its two-day meeting amid speculation it will abstain from introducing additional stimulus. USD/JPY fell to a session low at 96.76 at 7:39 GMT, the lowest point since June 20th, after which consolidation followed at 96.93. […] Read more

AUD/USD fell ahead of Australian unemployment report

Australian dollar lost ground against its major peers on Wednesday ahead of the unemployment report, scheduled for release tomorrow, while the US dollar remained under pressure amid continuing uncertainty over the future of Federal Reserves Quantitative Easing. AUD/USD hit a session low at 0.8929 at 7:48 GMT, after which the pair consolidated at 0.8943. Support […] Read more

EUR/USD carved its way higher

The euro edged higher against the US dollar on Wednesday, as recent economic reports out of the Euro zone implied that the blocs economy showed signs of revitalization. EUR/USD reached its highest point during todays trade at 1.3314, after which consolidation followed at 1.3306. Support was expected at August 6th low, 1.3245, while resistance was […] Read more