Currency News

USD/CAD advanced, US data in focus

US dollar gained ground against its Canadian counterpart on Monday, as market players expected a positive series of economic indicators out of the United States during the current week would prompt Fed to embark on a pare back of its stimulus. USD/CAD reached its highest point today at 1.0314 at 12:13 GMT, after which the […] Read more

USD/CHF climbed higher in light trade

US dollar was trading at higher levels against the Swiss franc on Monday, as the series of US data later in week was eyed amid the continuing lack of clarity over the future of Federal Reserve Bank’s stimulus. USD/CHF reached its highest point during todays session at 0.9274 at 10:02 GMT, the highest level since […] Read more

GBP/USD slid in expectation of US retail sales

On Monday the sterling came off session highs against the US dollar, as market participants remained wary ahead of the US retail sales report, scheduled for release on Tuesday amid the continuing lack of clarity over the future of Federal Reserve Bank’s stimulus. GBP/USD fell from its highest point at 1.5520, registered in early Asian […] Read more

NZD/USD slid ahead of US retail sales report

New Zealand dollar retreated against its US counterpart on Monday, as market participants remained wary ahead of the US retail sales report, scheduled for release on Tuesday amid the continuing lack of clarity over the future of Federal Reserve Banks stimulus. NZD/USD hit its lowest point for todays trade at 0.7991 at 7:52 GMT, after […] Read more

USD/JPY higher after weak Japanese GDP

US dollar was trading higher against the Japanese yen on Monday, after showing a short slide to session lows during Asian trade, following a report to state that Japanese economy expanded less than projected during the second three months of the year. USD/JPY bounced off its lowest point for todays session at 95.91, to trade […] Read more

AUD/USD lower in light trade

Australian dollar was trading on lower levels against the greenback during early European session on Monday, because of the lack of clarity, regarding the timing of Federal Reserve Banks asset purchase scale back. AUD/USD reached its lowest point today at 0.9171 at 0:00 GMT, after which consolidation followed at 0.9184, still erasing 0.15% daily. Support […] Read more

EUR/USD slipped sligthly lower in early European trade

The euro showed a slight retreat against the US dollar during the early phase of Mondays European session, as markets awaited the official US retail sales figure, due to be released on Tuesday. EUR/USD came off a session high at 1.3343, recorded during the early Asian session, as the pair was trading at 1.3328 at […] Read more

EUR/USD lost earlier gains

The euro vanquished positions it gained earlier on Friday against the US dollar through the course of a light trade, after the release of weak French manufacturing production data and amid the continuing uncertainty over the future of Feds stimulus program. EUR/USD slipped to its lowest point during todays session at 1.3348 at 13:19 GMT, […] Read more

USD/CAD on fresh highs after downbeat Canadian employment report

US dollar rose to fresh session highs against its Canadian counterpart on Friday, as Canadian employers unexpectedly closed job positions in July, while unemployment rate rose. USD/CAD jumped to its highest point today at 1.0351 at 13:26 GMT. Support for the pair was expected at current session low, 1.0287, while resistance was likely to be […] Read more

GBP/USD slightly higher

British pound was trading slightly higher against the US dollar on Friday, following the positive data, regarding UK trade balance, as demand for the greenback was still pressured due to the lack of clarity about the future of Federal Reserves Quantitative Easing. GBP/USD came off a session low at 1.5527, recorded at 8:12 GMT, to […] Read more