Currency News

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

USD/CAD on session lows after Canadian employment data

US dollar retreated to session lows against its Canadian peer on Friday, after an official report revealed that Canadian unemployment rate decreased in September, while the number of employed people was less in comparison with the preceding month, but still surpassed projections. USD/CAD slipped to a session low at 1.0377 at 12:30 GMT, after which […] Read more

NZD/USD strengthened before NZ inflation report

New Zealand dollar advanced against its US peer on Friday before a report next week, that may show inflation rate in New Zealand rose to the highest level in 1.5 years. NZD/USD rose to a session high at 0.8354 at 9:25 GMT, after which consolidation followed at 0.8342, climbing 0.71% for the day. Support was […] Read more

AUD/USD on three-week highs ahead of Chinese trade balance report

Australian dollar traded close to its highest point in three weeks against the US rival on Friday, before a report showed tomorrow that Chinese import probably grew, as China is Australias largest trade partner. AUD/USD touched a session high at 0.9484 at 3:35 GMT, also the pairs highest point since September 19th, after which consolidation […] Read more

EUR/USD with gains as US budget debates continued

The euro traded slightly higher against the US dollar on Friday, but the upward movement seemed to remain limited as the budget talks in order to avert a US default provided support to the greenback. EUR/USD touched a session high at 1.3545 at 3:30 GMT, after which consolidation followed at 1.3538, rising 0.14% for the […] Read more

USD/JPY rose after Japanese data, potential US budget agreement

US dollar traded higher against the Japanese yen on Friday, following the release of a set of economic data out of Japan, while US lawmakers continued negotiations to avoid a default, which reduced safe haven demand for the yen. USD/JPY rose to a session high at 98.56 at 3:20 GMT, after which consolidation followed at […] Read more

USD/CAD steady after US initial jobless claims, Canadian NHPI

US dollar traded steadily and in proximity to three-week highs against its Canadian counterpart on Thursday, despite the downbeat initial jobless claims data out of the United States. Having touched a session low at 1.0383 at 10:45 GMT, USD/CAD gained some ground to reach 1.0394 at 13:22 GMT. Support was likely to be received at […] Read more

GBP/USD showed little reaction to BoE policy decision

British pound remained little changed against the US dollar on Thursday, trading in proximity to three-week lows, after Bank of England (BoE) kept its base interest rate and monetary stimulus without change. GBP/USD slipped to a session low at 1.5914 at 5:15 GMT, also the pairs lowest point since September 18th, after which consolidation followed […] Read more