Currency News

Pound close to 11-week lows versus the euro, Bank of England stimulus weighed

British pound traded close to 11-week lows against the euro on Monday on speculation that Bank of England will stick to its current stimulus policy. EUR/GBP pair hit a session high at 0.8621 earlier, after which consolidation followed at 0.8615. On July 4th the pair slid to 0.8633, the lowest point since April 17th. “The […] Read more

USD/CHF off session highs after positive Swiss data

US dollar came off session highs against the Swiss franc on Monday, following optimistic data, regarding Swiss unemployment rate and industrial production. USD/CHF hit a session high at 0.9666 at 5:00 GMT, as at 9:09 GMT the cross was trading at 0.9644, still up by 0.11% for the day. Support was expected at 0.9625, while […] Read more

Firm dollar pushed the British pound to four-month lows

On Monday British pound traded close to four-month lows versus the US dollar, following the stronger than expected employment data from the United States on July 5th. GBP/USD pair fell to a session low at 1.4858 during early European trade, after which consolidation followed at 1.4877. The cross was down by 0.17% for the day. […] Read more

USD/JPY on lower levels

US dollar fell to lower levels against the Japanese yen on Monday from near five-week highs, because of the decline in Asian shares overnight, that increased demand for the yen. USD/JPY slid to a session low at 100.94 at 6:07 GMT, after which consolidated at 101.10. Support was expected at July 5th low, 99.88, while […] Read more

EUR/USD still near six-week lows

The euro traded close to six-week lows versus the greenback on Monday, as stronger than projected employment data from the United States, released on July 5th, bolstered expectations of a possible bond purchase tapering by the Federal Reserve soon. EUR/USD pair fell to a session low at 1.2812 at 5:01 GMT, after which consolidation followed […] Read more

AUD/USD en route to three-year lows on rate prospects

Australian dollar reduced its value against its US counterpart on Monday, heading toward almost three-year lows on grown speculations that the Reserve Bank of Australia (RBA) might reduce interest rates in the next month. AUD/USD fell to a session low at 0.9041 during the Asian trade, as the pair lost almost 1% in the end […] Read more

British pound on 3.5-month lows against US dollar on employment data

British pound, alongside the euro, crumbled to 3.5-month lows against the US dollar on Friday, as the greenback was given enormous support, following the release of positive employment data from the United States. GBP/USD cross took a dive to a session low and lowest point since March 12th at 1.4858 at 12:31 GMT, after which […] Read more

USD/CAD hit 22-month highs on US and Canadian data

US dollar advanced to 22-month highs versus its Canadian counterpart on Friday, following the release of upbeat US employment data and mediocre Canadian jobs data. USD/CAD jumped to a session high and highest point since October 4th 2011 at 1.0611 at 12:36 GMT, after which consolidation followed at 1.0577. The pair was up by 0.59% […] Read more

EUR/USD collapsed on US non-farm payrolls

Euro tumbled to six-week lows against the US dollar on Friday, following the release of optimistic employment data from the United States, which bolstered expectations that the Federal Reserve Bank will reduce the scale of its stimulus policy in a short term. EUR/USD pair collapsed to 1.2812 at 12:31 GMT, currently the session low and […] Read more

British pound on three-month lows against the US dollar on interest rate prospects

British pound plunged against the US dollar for a second day on Friday to three-month lows, after Bank of England decided on July 4th to keep on hold base interest rate and monetary stimulus for a longer period than investors had initially expected. GBP/USD tumbled to a session low and lowest point since March 13th […] Read more