Currency News

New Zealand dollar advanced against US peer with a limited pace

New Zealand dollar gained against its US counterpart on Wednesday, but upward movement was expected to be limited amid prospects that the Federal Reserve Bank will keep Quantitative Easing. NZD/USD hit 0.7780 at 7:34 GMT, currently the session high. The pair added 0.46% for the day. Support was expected at June 24th low, 0.7684, while […] Read more

Aussie rose versus US peer, gains seemed capped

Australian dollar was on higher levels against its US counterpart on Wednesday, but gains were capped as support for the US dollar was strong after the positive US data on Tuesday. AUD/USD reached 0.9282 at 7:02 GMT, currently the session high. The cross was up by 0.23% for the day. Support was likely to be […] Read more

Euro near three-week low against the US dollar

EUR/USD was trading close to almost three-week lows on Wednesday, as the greenback continued its expansion after Tuesdays strong series of data from the United States. EUR/USD fell to a session low at 1.3056 during the later phase of Asian trade, the lowest point since June 5th, after which consolidation followed at 1.3066. Support was […] Read more

US New Home Sales rose in May, beating expectations

New Home Sales in the United States registered their highest level in May for the past five years, giving indications that housing industry would be one of the driving forces of the economy. Sales climbed by 2.1% in May, reaching the annual 0.476 million units, the highest number since July 2008 and outstripping experts projections […] Read more

USD/CAD with a slight change after US data

US dollar remained almost unchanged against its Canadian peer on Tuesday, after the release of stronger than expected US durable goods and house prices data, which gave indication that economic recovery was on the way. USD/CAD hit a session low at 1.0461 at 11:35 GMT, after which consolidation followed at 1.0503. The pair was up […] Read more

USD/JPY off lows on US durable goods data

US dollar pulled back from session lows against the Japanese yen on Tuesday on stronger than projected data, regarding US durable goods orders. Results boosted optimism about US economic recovery. USD/JPY reached 97.68 at 12:35 GMT, as the cross hit a session low at 96.95 before the release of US data. The Commerce Department reported […] Read more

British pound rose versus the greenback before the sale of UK 2068 gilts

On Tuesday British pound edged higher against the US dollar, as the Debt Management Office prepared to sell UK government bonds with maturity in 2068 via banks. GBP/USD hit a session high at 1.5460 at 6:58 GMT, after which consolidation followed at 1.5450. The sterling was likely to find support at June 21st low, 1.5405, […] Read more

Yen rose from two-week lows against the US dollar on lower shares and FED speculation

Japanese yen managed to pull back from almost two-week lows against the US dollar, after Asian shares declined for the second consecutive day on concerns that cash shrinkage in China could curb economic growth and therefore, boost safe haven demand for national currency. “The price action is fearful because of the potential for slowing Chinese […] Read more

New Zealand dollar unchanged versus US peer

New Zealand dollar remained almost without change against its US counterpart on Tuesday, as demand for the US dollar was still underpinned by ongoing expectations that US central bank will reduce scale of asset purchases by the end of 2013. NZD/USD fell to a session low at 0.7706 during the later phase of Asian trade, […] Read more

Euro on higher levels versus US dollar

The euro edged higher against the US dollar on Tuesday, as Federal Reserve Bank experts calmed down the widespread fears that the central bank will end its stimulus program. EUR/USD hit a session high at 1.3145 at 6:38 GMT. Support was expected at June 24th low, 1.3058, while resistance was to be encountered at 1.3175. […] Read more