Currency News

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

NZD/USD advanced to three-week highs after Bernanke’s statement

New Zealand dollar pushed higher against its US counterpart on Thursday, following the comments made by FED Chairman Ben Bernanke, which sank the greenback. NZD/USD hit a session high at 0.7966 at 5:00 GMT, the highest point since June 19th, after which consolidation followed at 0.7930. At 8:22 GMT the pair was trading at 0.7907, […] Read more

AUD/USD received support after Australian employment data and Bernanke’s statement

Australian dollar advanced further against its US peer on Thursday, following the release of positive data, regarding Australian employment, while at the same time the greenback plunged widely after comments made by FED Chairman Ben Bernanke yesterday. AUD/USD reached a session high at 0.9304 at 5:00 GMT, the highest point since June 27th, after which […] Read more

Euro pulled back from session highs against the US dollar

On Thursday the euro trimmed gains against the US dollar, achieved yesterday after FED Chairman Ben Bernankes statement, pulling back from three-week highs. EUR/USD hit a session high at 1.3206 at 22:50 GMT on Wednesday, the highest point since June 21st, after which slid to 1.3078 at 6:51 GMT, still up by 0.78%. Support was […] Read more

Canadian dollar rose for a third day against US peer ahead of FED minutes

Canadian dollar edged higher against its US counterpart on Wednesday, as market players awaited the release of FED minutes and the following statement by Chairman Ben Bernanke later in the trading day. USD/CAD fell to a session low at 1.0494 at 11:14 GMT, the lowest point since July 4th, after which consolidation followed at 1.0520. […] Read more

US dollar lower versus the Swiss franc in expectation of FED minutes

The US dollar traded lower against the Swiss franc on Wednesday, as market participants awaited the release of FED minutes, scheduled later in the day. USD/CHF fell to a session low at 0.9674 at 8:13 GMT, after which consolidation followed at 0.9695, down by 0.35% for the day. Support was likely to be received at […] Read more