Articles by: Miroslav Marinoff

USD/JPY edges lower after a variety of economic data out of Japan

US dollar edged lower against the Japanese yen on Friday, following a vast set of economic data, released out of Japan, which to an extent confirmed Bank of Japans view that nations economy was recovering at a moderate pace. USD/JPY slipped to a session low at 102.18 at 5:15 GMT, after which consolidation followed at […] Read more

USD/CAD rises to fresh five-month highs after Canadian current account report

US dollar advanced to fresh five-month highs against its Canadian rival on Thursday, as a report showed that the deficit on Canadas current account shrank considerably less than projected during the third quarter of the year. USD/CAD touched a daily high at 1.0598 at 14:00 GMT, also the pairs highest point since July 5th, after […] Read more

NZD/USD trades steadily as NZ business confidence rises to 15-year highs

New Zealand dollar traded steadily against its US counterpart on Thursday, after a survey showed that business confidence in New Zealand rose to almost 15-year highs in November, while the greenback was supported by another survey pointing strong consumer sentiment in the United States. NZD/USD touched a session high at 0.8178 at 5:05 GMT, after […] Read more

USD/JPY reaches six-month highs, supported by upbeat consumer sentiment

US dollar advanced to highs unseen in six months against the Japanese yen on Thursday, as Thomson Reuters in cooperation with the University of Michigan reported yesterday that their index, gauging consumer sentiment in the United States, surpassed expectations in November. Having touched a six-month high at 102.28 during the early phase of Asian trade, […] Read more

USD/CAD reaches five-month highs after US durable goods orders and initial jobless claims reports, falling crude oil prices pressure the loonie

US dollar rose to highs unseen in five months against its Canadian counterpart on Wednesday, as the number of initial jobless claims in the United States fell last week and overall durable goods orders decreased in October, while prices of crude oil, Canadas largest export, declined for a fourth day in a row, additionally pressuring […] Read more

NZD/USD trades lower ahead of US data string

New Zealand dollar edged lower against its US counterpart on Wednesday, as markets awaited the release of the last string of economic data scheduled for this week out of the United States. NZD/USD fell to a daily low at 0.8169 at 1:44 GMT, after which consolidation followed at 0.8181, losing 0.16% for the day. Support […] Read more

AUD/USD trades little changed after Australian data

Having slipped to almost three-month lows earlier, the Australian dollar regained some ground to trade little changed against its US counterpart on Wednesday, following a report, which showed residential construction continued lagging during the third quarter of the year, while overall construction work done surpassed preliminary estimates. AUD/USD touched a daily low at 0.9100 at […] Read more

USD/CAD regains ground following the upbeat US housing data

Having touched daily lows earlier, US dollar regained some ground against its Canadian counterpart on Tuesday, following the release of positive housing data out of the United States. USD/CAD touched a session high at 1.0554 at 14:30 GMT, after which consolidation followed at 1.0550, gaining 0.07% for the day. Support was likely to be received […] Read more