fbpx

Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More
Home  »  Currency News

Currency News

USD/CAD steady ahead of US ISM non-manufacturing data

August 5, 2013 1:54 pm
US dollar was almost unchanged against its Canadian counterpart on Monday in expectation of the service sector activity report out of the United States and amid uncertainty over the future of FEDs asset purchasing program. USD/CAD reached a session low at 1.0379 during the early phase of US trade, after which consolidation followed at 1.0388. […] Read more

GBP/USD on session highs after UK Services CIPS

August 5, 2013 9:23 am
British pound soared to session highs against the US dollar on Monday, after the Chartered Institute of Purchasing and Supply (CIPS) said that activity in UK sector of services rose at the fastest pace since December 2006 in July. GBP/USD hit a session high at 1.5365 at 8:38 GMT, the highest point since July 29th, […] Read more

USD/JPY on lower levels

August 5, 2013 7:58 am
US dollar marked its second daily drop against the Japanese currency on Monday, as weaker than projected US non-farm payrolls, reported on Friday, continued to weigh on the greenback, dimming expectations that the Federal Reserve Bank will begin tapering its bond purchases soon. USD/JPY slid to its lowest point today at 98.27 at 7:23 GMT, […] Read more

NZD/USD down to one-month lows on NZ milk powder contamination

August 5, 2013 7:10 am
New Zealand dollar started the week with a decline to almost one-month lows against its US peer, as China banned the import of milk powder from New Zealands Fonterra Cooperative Group Ltd. NZD/USD recorded a session low at 0.7734 at 2:20 GMT, after which consolidation followed at 0.7790. Support was expected in the range 0.7710-0.7725, […] Read more

AUD/USD plunged on weak Australian retail sales

August 5, 2013 6:40 am
The Aussie fell to almost three-year lows against the US dollar on Monday, following the release of a downbeat retail sales report from Australia. AUD/USD slid to its lowest point during todays trade at 0.8847 at 1:30 GMT, after which consolidation followed at 0.8890. Support for the pair was expected at August 31st 2010 low, […] Read more

USD/CAD erased earlier losses

August 2, 2013 2:49 pm
After falling to session lows as a result of the downbeat US non-farm payrolls report earlier on Friday, the US dollar managed to erase accumulated losses against its Canadian counterpart. USD/CAD bounced off its lowest point during the session at 1.0336, recorded at 12:43 GMT, to trade at 1.0365 at 14:23 GMT, up by 0.15% […] Read more

EUR/USD soared on US economic data

August 2, 2013 1:14 pm
The euro extended its gains against the US dollar on Friday, following the disappointing non-farm payrolls report from the United States, which proved controversial compared to the unemployment data, released at the same time. EUR/USD touched the highest point for todays session at 1.3283 at 12:41 GMT, after which consolidation followed at 1.3277, rising by […] Read more

USD/CHF steady ahead of US non-farm payrolls

August 2, 2013 12:27 pm
US dollar showed little change against the Swiss franc on Friday, as market players remained cautious ahead of the crucial report to show the development in US labour market. USD/CHF touched a session high at 0.9388 at 7:10 GMT, after which consolidation followed at 0.9377, up by 0.10% for the day. Support was expected in […] Read more

Strong UK construction activity shot GBP/USD to session highs

August 2, 2013 11:43 am
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