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USD/JPY slid after Japanese CPI report, US fiscal concerns

September 27, 2013 6:59 am
US dollar lost ground against the Japanese yen on Friday, after a report on consumer inflation out of Japan showed that governments struggle with deflation led to some encouraging results, while concerns arose that a budget deadlock among US lawmakers may trigger a government shutdown. USD/JPY fell to a session low at 98.52 at 6:01 […] Read more

USD/CAD on one-week highs after US data points

September 26, 2013 2:54 pm
The US dollar advanced to levels close to its highest point in one week against the Canadian counterpart on Thursday, following the release of mixed reports out of the United States. USD/CAD rose to a session high at 1.0324 at 14:18 GMT, the pairs highest point since September 17th. Support was to be received at […] Read more

EUR/USD retained losses after US GDP, initial jobless claims

September 26, 2013 1:57 pm
The euro was still losing ground against the US dollar on Thursday, following the release of the official report on the final value of the US Gross Domestic Product and the weekly report on US initial jobless claims. EUR/USD fell to a session low at 1.3487 at 12:34 GMT, after which consolidation followed at 1.3495, […] Read more

GBP/USD fell after UK GDP report

September 26, 2013 9:38 am
British pound retreated against the US dollar on Thursday, following a report to show that the final value of the annualized UK Gross Domestic Product in Q2 did not meet projections. GBP/USD fell to a session low at 1.6034 at 9:10 GMT, after which consolidation followed at 1.6042, still losing 0.25% on a daily basis. […] Read more

NZD/USD on session highs on interest rate bets, stock gains

September 26, 2013 9:05 am
The kiwi dollar gradually advanced to session highs against its US counterpart on Thursday amid bets that the Reserve Bank of New Zealand (RBNZ) will probably be the first among central banks in developed nations to make a move towards raising its benchmark interest rate. NZD/USD reached a session high at 0.8292 at 7:59 GMT, […] Read more

EUR/USD in steady trade ahead of US GDP report

September 26, 2013 7:58 am
The euro was trading steadily against the US dollar on Thursday, as markets awaited the report on the final value of US Gross Domestic Product, while uncertainty over the future of Federal Reserves stimulus program continued. EUR/USD slipped to a session low at 1.3510 at 2:20 GMT, after which consolidation followed at 1.3517, dipping 0.07% […] Read more

USD/JPY snapped four-day losses on Japan’s sales tax plans, stock gains

September 26, 2013 6:59 am
US dollar managed to snap its four-day losses against the Japanese yen on Thursday amid speculation that Japanese government intended to pledge to “promptly” begin a study on cutting the effective corporate tax rate in the country, while markets awaited also the GDP report out of the United States, scheduled for release later in the […] Read more

EUR/USD pared earlier gains after better-than-forecast US durable goods orders

September 25, 2013 2:11 pm
The euro trimmed its earlier gains against the US dollar today, following a report to show that US durable goods orders edged higher in August, exceeding preliminary estimates, which implied that factory sector may show an improved performance during the third quarter of the year. Having touched a session high at 1.3519 earlier, EUR/USD cross […] Read more

GBP/USD rose to fresh session highs after strong CBI distributive trades

September 25, 2013 12:15 pm
The sterling climbed to session highs against the US dollar on Wednesday, following a report to show that a gauge of British retail sales increased unexpectedly in September. GBP/USD reached a session high at 1.6056 at 11:12 GMT. Support was likely to be received at September 18th low, 1.5891, while resistance was to be met […] Read more

USD/JPY maintained losses on safe haven demand

September 25, 2013 9:13 am
Japanese yen managed to keep gains against the US dollar on Wednesday, due to concerns that budget talks in Washington may lead to a federal government shutdown, which bolstered demand for safe haven currencies, such as the yen. USD/JPY fell to a session low at 98.38 at 8:32 GMT, after which consolidation followed at 98.54, […] Read more