Currency News

USD/CAD almost unchanged

US dollar showed slight movement against its Canadian peer on Monday due to thin foreign exchange market trade because of the summer holidays. USD/CAD slid to a session low at 1.0330 at 11:45 GMT, the lowest point since July 11th, after which consolidation followed at 1.0350. Support was expected at July 11th low, 1.0324, while […] Read more

EUR/USD with extended gains

The euro continued its advance against the US dollar on Monday after Portugal’s Prime Minister Pedro Coelho said he would stick to the bailout program for the country. EUR/USD hit a new session high at 1.3191 at 10:25 GMT, the highest point since July 11th, after which consolidation followed at 1.3168, still up by 0.18% […] Read more

USD/CHF on lower levels

US dollar showed a certain retreat against the Swiss franc through the course of a subdued trade on Monday, despite the continuing expectations, that the Federal Reserve Bank will soon begin tapering its Quantitative Easing, which gave support to the greenback. USD/CHF slid to a session low at 0.9371 at 9:42 GMT, the lowest point […] Read more

GBP/USD near two-week highs

British pound edged higher versus the US dollar on Monday, trading close to two-week highs, after UK Prime Minister David Cameron said an improvement in the economy may allow the government to lower taxes, while the Group of 20 nations emphasized the need a careful shift to be made away from monetary easing in order […] Read more

EUR/USD with gains in calm trade

The euro gained positions against the US dollar on Monday, but the cross saw limited upward movement, as expectations that the Federal Reserve may be closer to start paring back its asset purchases continued to weigh on greenbacks demand. EUR/USD reached a session high at 1.3167 at 0:10 GMT, the highest point since July 11th, […] Read more

AUD/USD saw limited gains

Australian dollar traded on higher levels against its US peer on Monday. However, gains seemed capped, as the diminished, but still present expectations of FED scaling back its Quantitative Easing soon gave support to the US dollar. AUD/USD hit a session high at 0.9233 at 5:36 GMT, after which consolidation followed at 0.9207, still up […] Read more

NZD/USD in steady trade

New Zealand dollar traded steadily against its US counterpart on Monday, as expectations of the Federal Reserve Bank paring back its stimulus soon continued to support the greenback. NZD/USD reached a session high at 0.7951 at 0:40 GMT, the highest point since July 19th, after which consolidation followed at 0.7931. Support was expected at July […] Read more

USD/JPY lower following Japanese election results

Japanese yen advanced against most of its major peers during the start of the week, as Japans ruling party failed to win an independent majority in upper-house elections during the weekend. USD/JPY fell to a session low at 99.60 at 0:10 GMT, after which consolidation followed at 99.80. At 6:32 GMT the cross was trading […] Read more

GBP/USD near 2.5-week highs

British pound advanced further against the US dollar on Friday, trading close to 2.5-week highs, ignoring the earlier released report on Public Sector Net Borrowing, as demand for the greenback was still pressured by recent comments by FED Chairman Ben Bernanke on Thursday. GBP/USD reached a session high at 1.5281 at 11:12 GMT, the highest […] Read more

USD/CAD on session highs, following Canadian consumer inflation report

US dollar edged higher against its Canadian counterpart on Friday, following the release of Canadian consumer inflation report, but demand for the US dollar was still under the influence of FED Chairman Ben Bernankes recent comments. USD/CAD reached a session high at 1.0391 at 12:51 GMT, after which consolidation followed at 1.0386. Support was likely […] Read more