Currency News

USD/JPY preserved losses with an agreement on the US budget in focus

US dollar fell to lower levels against the Japanese yen on Tuesday, despite hopes that US policymakers were about to reach an agreement on the US budget as soon as today, that would raise the debt ceiling and end the already 15-day government shutdown. Having reached a session high at 98.71 during the Asian trade […] Read more

EUR/USD steady as agreement on the US fiscal matter was seen closer

The euro was trading steadily against the US dollar on Tuesday, as US Senate leaders were poised to reach an agreement today, which would bring the fiscal standoff to a halt, as the deadline for action was drawing closer. EUR/USD reached a session high at 1.3571 at 6:55 GMT, after which consolidation followed at 1.3564, […] Read more

AUD/USD advanced after the minutes by RBA

Australian dollar rose for a fifth day on Tuesday against the US peer, reaching levels unseen since June, following the release of the minutes of Reserve Bank of Australias (RBA) meeting on October 1st and as stock markets signaled optimism that US Senate debates on raising the country’s debt ceiling were moving closer to a […] Read more

EUR/USD preserved gains as the US political deadlock continued to persist

The euro managed to preserve its daily gains against the US dollar on Monday, as political deadlock in the United States continued and the nation was nearing a potential default on its obligations. EUR/USD reached a session high at 1.3598 at 12:45 GMT, after which consolidation followed at 1.3593, gaining 0.39% for the day. Support […] Read more

USD/CHF lower as the US fiscal impasse still weighed

US dollar was losing ground also against the Swiss franc on Monday, as market focus was set on the continuing budget worries in the United States and the potential loss of authority for the country to pay its debt obligations, with all that weighing on the greenback. USD/CHF fell to a session low at 0.9093 […] Read more

NZD/USD on 2.5-week highs on US stalemate

New Zealand dollar climbed to its highest point in two and a half weeks against the US peer on Monday, as the greenback was pressured due to continuing budget deadlock in the United States. NZD/USD hit a session high at 0.8378 at 8:05 GMT, also the pairs highest point since September 23rd, after which consolidation […] Read more

EUR/USD with daily gains as US fiscal deadlock continued

The euro gained ground against the US dollar on Monday, as negotiations over the US debt limit between US President Barack Obama and House Republicans hit an impasse over the weekend. EUR/USD reached a session high at 1.3568 at 6:00 GMT, after which consolidation followed at 1.3566, rising 0.19% for the day. Support was likely […] Read more

AUD/USD retreated after Australian and Chinese data points

Australian dollar traded lower against its US peer on Monday, following a report on Australian home loans and a set of Chinese data points, released during the weekend. AUD/USD fell to a session low during the early phase of Asian trade, after which consolidation followed at 0.9460, losing 0.06% for the day. Support was likely […] Read more

Outlook for USD/JPY cross during the upcoming week

US dollar concluded the week ending on October 13th on higher levels against the Japanese yen amid prospects of an approaching aggrement on the US budget impasse before the deadline date, on which, according to the US Treasury, the nation will lose authority to pay its debt obligations. USD/JPY pair closed at 98.56 on trading […] Read more

US dollar traded steadily against peers during late US trade on Friday

US dollar traded with stability against the majority of its 16 main rivals during late US session on Friday, as US lawmakers were approaching an agreement regarding the budget crisis, which caused the partial government shutdown in the country on October 1st and shook financial markets. EUR/USD closed at 1.3540, gaining 0.14% for the day, […] Read more