Currency News

USD/JPY cut earlier gains after Bernanke’s testimony

US dollar traded on lower levels against the Japanese yen on Friday, after the second day of the testimony by Federal Reserve Bank Chairman Ben Bernanke and the decline in Asian shares ahead of the upper-house elections of Japanese parliament on July 21st. USD/JPY fell to a session low at 99.89 at 5:38 GMT, after […] Read more

EUR/USD with gains today, following Bernanke’s comments and German producer price data

The euro gained ground against the US dollar on Friday, because recent testimony by FED Chairman Bernanke weighed on the greenback, while the common currency received support after the German producer prices report. EUR/USD reached a session high at 1.3149 at 3:00 GMT, the highest point since July 16th, after which consolidation followed at 1.3133. […] Read more

USD/CAD off session lows, loonie supported

Canadian dollar advanced further against its US counterpart on Friday, continuing this movement from yesterday, after Canadian wholesale sales recorded unexpected jump in May, as shown on Thursday. USD/CAD slid to a session low at 1.0359 at 3:31 GMT, after which consolidation followed at 1.0375, still slightly on negative territory, losing 0.05% for the day. […] Read more

NZD/USD showed steadiness after Bernanke comments

New Zealand dollar traded steadily against its US peer during the early Friday session, as demand for the kiwi dollar was supported. NZD/USD hit a session high at 0.7919 at 3:31 GMT, after which consolidation followed at 0.7910, still up by 0.08% for the day. Support was expected at July 16th low, 0.7800, while resistance […] Read more

EUR/USD close to session lows after US initial jobless claims

US dollar advanced sharply against the euro on Thursday, following the US weekly report, which said initial jobless claims decreased in number more than expected during the past week. EUR/USD plunged to a session low at 1.3070 at 13:05 GMT, after which consolidation followed at 1.3080. Earlier on Thursday the Department of Labor reported that […] Read more

GBP/USD managed to hold gains, following upbeat UK retail sales

British pound managed to preserve gained positions against the US dollar, after pulling back from session lows earlier on Thursday, following a report to show UK retail sales increased for a second month in a row during June. GBP/USD recorded a session low at 1.5156 at 7:10 GMT, while at 12:00 GMT the pair was […] Read more

USD/CHF on higher levels in expectation of US data

US dollar traded higher against the Swiss franc on Thursday ahead of the US weekly jobless claims report, after market sentiment reflected the comments made by FED Chairman Ben Bernanke yesterday. USD/CHF hit a session high at 0.9451 at 7:10 GMT, the highest point since July 16th, after which consolidation followed at 0.9426. The pair […] Read more

EUR/USD traded on lower levels, following Ben Bernanke’s testimony

The euro traded lower against the US dollar on Thursday, continuing this movement from yesterday, following congressional testimony by FED Chairman Bernanke, where he left room for a possible delay in the monthly bond purchases, depending on economic data. EUR/USD fell to a session low at 1.3091 at 5:29 GMT, after which consolidation followed at […] Read more

USD/CAD reduced earlier gains after Bank of Canada’s rate decision

US dollar pared its gains against the Canadian counterpart on Wednesday, following Bank of Canadas decision to keep the base interest rate on hold at its monthly meeting. USD/CAD fell off session highs at 1.0431, recorded at 14:00 GMT, after which was trading at 1.0410 at 14:27 GMT, still up by 0.40% for the day. […] Read more

EUR/USD on session highs after US housing starts and Bernanke remarks

The euro advanced to session highs against the US dollar during late European trade, following a report, showing that US housing starts registered a sharp decrease in June, and after FED Chairman Bernanke said the central bank still expected to start tapering its asset purchases by the end of the year, but monetary policy was […] Read more