Currency News

USD/JPY close to one-month lows

US dollar tumbled to almost one-month lows against the Japanese yen on Monday, as the greenback was put under pressure ahead of Federal Reserves policy meeting, starting tomorrow, while uncertainty over the central banks Quantitative Easing was growing. USD/JPY fell to its lowest point during the current session at 97.62 at 2:20 GMT, which was […] Read more

AUD/USD preserved gains during the past two weeks ahead of FED meeting

Having registered gains during the past two weeks, Australian dollar traded still higher against its US counterpart on Monday, as speculation appeared that Federal Reserve policymakers will keep the scale of asset purchases at the central banks meeting, starting on Tuesday. AUD/USD reached a session high at 0.9286 at 3:08 GMT, after which consolidation followed […] Read more

EUR/USD close to five-week highs

On Monday the euro traded in proximity to five-week highs against the US dollar, as investors focus was upon upcoming US pending home sales and the statements on monetary policy by the European Central Bank and the Federal Reserve. EUR/USD hit a session high at 1.3291 at 3:08 GMT, the highest point since June 12th, […] Read more

EUR/USD remained little changed in thin trade after US consumer confidence

The euro showed almost insignificant reaction against the US dollar on Friday, following the release of positive consumer sentiment data from the United States, through the course of a thin trade. EUR/USD reached a session high at 1.3296 at 14:02 GMT, after which consolidation followed at 1.3270. Support was likely to be received at July […] Read more

USD/CAD remained almost without change ahead of US consumer confidence

US dollar remained almost without change against its Canadian peer on Friday, as trade was subdued and investors – wary, ahead of US consumer confidence data. USD/CAD slid to a session low, 1.0265 at 10:39 GMT, after which consolidation followed at 1.0275. Support was likely to be found at June 19th low, 1.0174, while resistance […] Read more

USD/CHF on one-month lows

US dollar slid to one-month lows against the Swiss franc on trading Friday, as safe haven demand for the franc was boosted due to a decline in Asian shares, while yesterdays mixed data from the United States still weighed upon demand for the greenback. USD/CHF slid to a session low at 0.9269 at 8:15 GMT, […] Read more

GBP/USD remained steady

The pound traded steadily against the US dollar on Friday in proximity to session highs, heading for a third weekly gain, as trade remained subdued ahead of the US consumer confidence report, scheduled for release later in the day. GBP/USD reached a session high at 1.5414 at 8:15 GMT, after which the pair consolidated at […] Read more

AUD/USD higher and headed for a second consecutive weekly gain

On Friday the Australian dollar traded on higher levels against the greenback, heading for its second week of gains, following the mixed US data from yesterday amid uncertainty over the future of FEDs easing program. AUD/USD hit a session high at 0.9294 at 8:10 GMT, after which consolidation followed at 0.9290. Support for the pair […] Read more

USD/JPY down to 2.5-week lows after Japanese inflation report and ahead of US consumer confidence

US dollar tumbled to almost 2.5-week lows against the Japanese yen on trading Friday as expectations of FED tapering its asset purchases soon were dimmed and this influenced demand for the greenback. USD/JPY slid to a session low at 98.61 at 5:20 GMT, the lowest point since July 11th, after which the pair consolidated at […] Read more

EUR/USD edged higher close to six-week highs

During Fridays thin trade the euro edged higher against the US dollar, trading close to six-week highs ahead of the consumer confidence report from the United States, scheduled for release later in the day. EUR/USD reached its highest point for todays session at 1.3288 at 2:44 GMT, after which consolidation followed at 1.3277. Support was […] Read more