Currency News

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

NZD/USD on seven-day lows on disappointing NZ manufacturing data, Fed minutes

New Zealand dollar fell to its lowest point during the past seven trading sessions against its US counterpart on Thursday, after a report showed that manufacturing activity in New Zealand slowed down in September. NZD/USD fell to a session low at 0.8232 at 7:35 GMT, also the pairs lowest point since October 2nd, after which […] Read more

USD/JPY on one-week highs

US dollar advanced to its highest point in one week against the Japanese yen on Thursday, amid signs of a compromise among US lawmakers, that could avert an unprecedented default and after the release of the minutes of FOMC most recent meeting on policy. USD/JPY reached a session high at 97.83 at 5:00 GMT, also […] Read more

EUR/USD lower after FOMC minutes

The euro was trading lower against the US dollar on Thursday, following the release of the minutes of Federal Open Market Committee (FOMC) meeting on September 17th-18th, which revealed that most policymakers supported the idea of paring back the banks stimulus program this year. EUR/USD slid to a session low at 1.3488 at 5:00 GMT, […] Read more

AUD/USD retreated after weaker than expected employment data from Australia

Australian dollar lost ground against its US rival on Thursday, after a report showed that employers in Australia added fewer than projected job positions in September, as this data neutralized the positive influence, caused by the decreased rate of unemployment in the country. AUD/USD slipped to a session low at 0.9390 at 5:15 GMT, after […] Read more

USD/CAD advanced to three-week highs, EUR/USD and GBP/USD continued lower

US dollar rose to its highest point in three weeks against the Canadian rival on Wednesday, after a White House official said that Fed Vice Chairman Janet Yellen is to be nominated as the next Chairman and also be the first lady to take this post in all-time history of the central bank. USD/CAD reached […] Read more

USD/CHF on eight-day highs after Yellen news

US dollar advanced to its highest point in eight trade sessions against the Swiss franc on Wednesday, as a White House official said that US President Barack Obama will nominate Fed Vice Chairman Janet Yellen as the next Chairman of the bank, while this news reduce demand for haven assets, such as the franc. USD/CHF […] Read more

GBP/USD with a sudden drop to two-week lows after a set of disappointing UK data

British pound tumbled to its lowest point in two weeks against the US dollar on Wednesday, following the release of disappointing data on trade balance and manufacturing production out of the United Kingdom. GBP/USD fell to a session low at 1.5967 at 8:51 GMT, after which consolidation followed at 1.5978, losing 0.66% for the day. […] Read more

USD/JPY higher after Yellen news

US dollar traded higher against the Japanese yen on Wednesday, as a White House official said that US President Barack Obama will nominate Fed Vice Chairman Janet Yellen as the next Chairman of the bank, while this news dampened demand for safe haven assets, such as the yen. USD/JPY reached a session high at 97.47 […] Read more