Currency News

Strong UK construction activity shot GBP/USD to session highs

British pound rose sharply against the US dollar on Friday, after a report showed that construction activity in the United Kingdom increased at the fastest rate in three years in July, while focus was set on the US unemployment rate and non-farm payrolls reports. GBP/USD reached a session high at 1.5175 at 8:33 GMT, after […] Read more

AUD/USD on almost three-year lows ahead of US non-farm payrolls report

Australian dollar took a slide to almost three-year lows against the greenback on Friday, following the PPI data from Australia and ahead of the anticipated non-farm payrolls report from the United States, scheduled for release later in the day. AUD/USD touched its lowest point since August 2010 at 0.8889 at 1:50 GMT, after which consolidation […] Read more

NZD/USD little changed

New Zealand dollar was slightly changed against its US counterpart, trading in proximity to current session highs on Friday, despite the strong series of data, released out of the United States yesterday, which still supported the greenback. NZD/USD reached its highest point during todays session at 0.7906 at 3:22 GMT, after which the pair consolidated […] Read more

GBP/USD erased earlier gains on upbeat US data

The sterling vanquished earlier gains against the US dollar on Thursday, following the release of strong economic data out of the United States, despite that Bank of Englands decision on policy still supported the pound. GBP/USD fell off the highest point for this session, 1.5245, to reach 1.5147, marking a 0.40% daily loss. Support was […] Read more

USD/CAD with advance on US initial jobless claims and ISM manufacturing reports

US dollar gained strength, advancing to session highs against its Canadian counterpart on Thursday, following the release of upbeat initial jobless claims and ISM Manufacturing reports out of the United States. USD/CAD reached the highest point for todays session at 1.0323 at 13:07 GMT, after which consolidation followed at 1.0310. Support for the pair was […] Read more

GBP/USD erased earlier losses after BoE policy decision

British pound received support, neutralizing earlier losses against the US dollar, after Bank of England (BoE) left base interest rate and monetary stimulus unchanged at its meeting today. GBP/USD reached a session high at 1.5237 at 11:11 GMT. Support was expected at July 17th low, 1.5079, while resistance was likely to be found at July […] Read more

EUR/USD showed little reaction to mixed PMI, ECB decision in focus

The euro reacted slightly against the US dollar on Thursday, following the series of mixed PMI, released out of Euro zones largest economies, while investors eyed the upcoming statement on policy by the European Central Bank. EUR/USD reached a new session low at 1.3227 at 8:26 GMT, after which the pair consolidated at 1.3247, down […] Read more

USD/JPY advanced after FOMC decision

US dollar extended gains against the Japanese yen on Thursday, following the FOMC decision to leave current loose monetary policy intact and not giving indications when it considers to begin tapering its asset purchases. USD/JPY climbed to a session high at 98.77 at 7:00 GMT, the highest point since July 26th, after which consolidation followed […] Read more

EUR/USD close to session lows after FOMC decision

The euro traded close to session lows against the US dollar on Thursday, after on Wednesday FOMC left its loose monetary policy without change, while investors turned their attention to the policy statement by the European Central Bank, scheduled later today. EUR/USD slid to its lowest point during the current session at 1.3245 at 7:00 […] Read more

AUD/USD trimmed earlier losses on Chinese PMI

On Thursday Australian dollar managed to pare losses, registered on Wednesday, against the greenback, but was still on negative territory, after the official report on Chinese Purchasing Managers Index. During earlier Asian session AUD/USD pair fell to a session low at 0.8925, after which consolidation followed at 0.8970. The support level at 0.8999 was obviously […] Read more