Currency News

USD/CAD on session highs

US dollar advanced to session highs versus its Canadian peer on Tuesday, as uncertainty over the timing of Federal Reserves Quantitative Easing scale back continued, while investors remained wary. USD/CAD reached a session high at 1.0401 at 12:32 GMT, the pairs highest since August 8th, after which consolidation followed at 1.0393. Support was likely to […] Read more

GBP/USD on two-month highs

British pound advanced to its highest level in two months against the US dollar on Tuesday, as the lack of clarity over the future of Federal Reserve Banks stimulus program was still present. GBP/USD reached a session high at 1.5678 at 8:32 GMT, also the pairs highest since June 18th, after which consolidation followed at […] Read more

USD/JPY slid on safe haven demand

US dollar showed a retreat against the Japanese yen on Tuesday, following the decline in Asian and European stocks, which boosted safe haven demand for the yen. USD/JPY fell to its lowest point today at 96.98 at 7:40 GMT, also the pairs lowest since August 16th, after which consolidation followed at 97.13. Support was likely […] Read more

NZD/USD plunged on comments by the Reserve Bank of New Zealand

New Zealand dollar plummeted against its US peer on Tuesday, following comments made by the Reserve Bank of New Zealand (RBNZ), while market players awaited the release of the minutes of Federal Reserves July meeting. NZD/USD reached a session low at 0.7958 at 6:47 GMT, the lowest point since August 14th, after which consolidation followed […] Read more

EUR/USD slightly higher ahead of Federal Reserve minutes

The euro was trading slightly higher against the US dollar on Tuesday, as uncertainty over the future of Feds stimulus program continued. EUR/USD reached its highest point today at 1.3355 at 5:15 GMT, after which consolidation followed at 1.3343. Support was likely to be found at August 16th low, 1.3310, while resistance was to be […] Read more

AUD/USD lost ground following RBA minutes

Australian dollar fell against its US counterpart on Tuesday, following the release of the minutes by Reserve Bank of Australias (RBA) latest meeting on monetary policy. AUD/USD slid to its lowest point on Tuesday at 0.9043 at 4:03 GMT, after which consolidation followed at 0.9061. Support for the pair was expected at August 15th low, […] Read more

USD/CAD slid in cautious trade

US dollar was trading lower against its Canadian counterpart on Monday, as market players awaited the release of the minutes of Federal Reserve Banks July meeting amid ongoing speculation over the possible timing of banks asset purchase scale back. USD/CAD slid to a session low at 1.0320 at 14:20 GMT. Support was likely to be […] Read more

USD/CHF little changed in calm trade

US dollar traded with a slight change against the Swiss franc on Monday, as uncertainty over the future of Federal Reserves bond-buying program was still persistent. USD/CHF fell to a session low at 0.9247 at 10:18 GMT, after which consolidation followed at 0.9263. Support for the pair was likely to be received at August 16th […] Read more

USD/JPY advanced after Japanese trade balance data

US dollar advanced against the Japanese yen on Monday, following the release of weaker than projected trade balance report out of Japan, as the lack of clarity over the future of Federal Reserve Bank’s stimulus program persisted. USD/JPY reached its highest point at 97.84 at 0:10 GMT, the pairs highest since August 15th, after which […] Read more

AUD/USD on three-week highs ahead of RBA minutes

Australian dollar was trading close to three-week highs against its US counterpart on Monday, following the disappointing new auto sales, as the lack of clarity over the future of Federal Reserve Banks stimulus continued. AUD/USD reached its highest point on Monday at 0.9232 at 2:20 GMT, also the pairs highest since July 29th, after which […] Read more