Currency News

USD/CAD advanced, but gains seemed limited

US dollar traded on higher levels against its Canadian counterpart on Friday, but greenbacks demand still felt the weight of comments made by FED Chairman Ben Bernanke on Wednesday, thus advance pace was limited. USD/CAD hit a session high at 1.0402 at 14:11 GMT, after which consolidation followed at 1.0383. The cross was expected to […] Read more

EUR/USD remained lower following US producer prices data

Euro continued trading on lower levels against the US dollar on Friday, following the release of good data, regarding producer prices in the United States and in expectation of the consumer confidence report by University of Michigan. EUR/USD fell to a session low at 1.3019 at 13:00 GMT, after which consolidation followed at 1.3042. Support […] Read more

GBP/USD erased earlier gains, but support was still present

British pound erased its earlier gains against the US dollar on Friday, but remained still supported by comments made by Ben Bernanke on Wednesday, which weighed on the greenback. GBP/USD fell to a session low at 1.5116 at 9:37 GMT, after which consolidation followed at 1.5126, still down by 0.40% for the day. Support was […] Read more

Australian dollar slid against US peer on rising bets RBA will cut rates

On Friday Australian dollar continued its slide against the US peer, as market players raised bets that Reserve Bank of Australia (RBA) will reduce the base interest rate next month from the current record low. AUD/USD slid to a session low at 0.9133 at 0:50 GMT. At 8:17 GMT the pair was trading at 0.9155, […] Read more

USD/JPY off session lows, but gains were capped

US dollar bounced off session lows against the Japanese yen on Friday, but gains remained capped due to comments by FED Chairman Ben Bernanke still weighing on greenbacks demand. USD/JPY pulled back from a session low at 98.66 at 00:00 GMT on Friday, after which consolidation followed at 99.05. The cross was up by 0.09%. […] Read more

EUR/USD slightly lower, but still supported after Bernanke’s statement

The euro edged lower against the US dollar on Friday, but still demand for the greenback was under pressure, following Ben Bernankes statement on Wednesday. EUR/USD fell down to a session low at 1.3072 at 5:22 GMT, after which consolidation followed at 1.3077. The cross was down by 0.14% for the day. Support was likely […] Read more

EUR/USD trimmed earlier gains, but still on positive territory

US dollar managed to reduce earlier losses against the euro on Thursday, registered after the dovish tone of the comments by FED Chairman Bernanke yesterday. EUR/USD slid from 1.3065 at 12:30 GMT to 1.3013 at 12:54 GMT, but still was up by 0.28% for the day. Support was likely to be received at current session […] Read more

USD/CHF also lower on Bernanke’s comments

US dollar traded lower against the Swiss franc on Thursday, as the dovish nature of the comments by FED Chairman Bernanke led to a broad decline for the greenback yesterday. USD/CHF pair tumbled to a session low at 0.9404 at 22:50 GMT on Wednesday. At 11:31 GMT the cross was trading at 0.9504, still down […] Read more

GBP/USD eased back from earlier session highs

British pound fell off session highs against the US dollar on Thursday, still keeping ground above the level of 1.5000, as FED Chairman Ben Bernanke outlined yesterday that the central bank may not be so close to initiate asset purchase tapering, opposing earlier expectations. GBP/USD pair came off a session high at 1.5192, recorded at […] Read more

USD/JPY recovered from losses

US dollar managed to regain ground against the Japanese yen on Thursday, bouncing off two-week lows, following the dovish comments by FED Chairman Bernanke yesterday. USD/JPY pulled back from a session low at 98.22, registered at 22:40 GMT on Wednesday, the lowest point since June 27th, to reach 99.46 at 8:50 GMT. The cross was […] Read more