Currency News

EUR/USD traded on lower levels, following Ben Bernanke’s testimony

The euro traded lower against the US dollar on Thursday, continuing this movement from yesterday, following congressional testimony by FED Chairman Bernanke, where he left room for a possible delay in the monthly bond purchases, depending on economic data. EUR/USD fell to a session low at 1.3091 at 5:29 GMT, after which consolidation followed at […] Read more

USD/CAD reduced earlier gains after Bank of Canada’s rate decision

US dollar pared its gains against the Canadian counterpart on Wednesday, following Bank of Canadas decision to keep the base interest rate on hold at its monthly meeting. USD/CAD fell off session highs at 1.0431, recorded at 14:00 GMT, after which was trading at 1.0410 at 14:27 GMT, still up by 0.40% for the day. […] Read more

EUR/USD on session highs after US housing starts and Bernanke remarks

The euro advanced to session highs against the US dollar during late European trade, following a report, showing that US housing starts registered a sharp decrease in June, and after FED Chairman Bernanke said the central bank still expected to start tapering its asset purchases by the end of the year, but monetary policy was […] Read more

USD/CHF close to three-week lows

US dollar traded close to three-week lows against the Swiss franc on Wednesday, as investors were expecting the congressional testimony by FED Chairman Ben Bernanke, scheduled later today. USD/CHF slid to a session low at 0.9376 at 9:40 GMT, after which consolidation followed at 0.9405. Support was expected at June 25th low, 0.9320, while resistance […] Read more

GBP/USD sharply up after recent UK data, BoE minutes

British pound trimmed earlier losses against the US dollar on Wednesday, following Bank of England minutes and the upbeat jobless claims report from the United Kingdom. GBP/USD suddenly rose to a session high at 1.5245 at 8:32 GMT, after which consolidation followed at 1.5191, up by 0.18% for the day. Support was likely to be […] Read more

USD/JPY close to session highs

US dollar traded close to session highs versus the Japanese yen on Wednesday in expectation of the crucial congressional testimony by Federal Reserve Chairman Bernanke later today. USD/JPY hit a session high at 99.82 at 7:40 GMT, after which consolidation followed at 99.69, still up by 0.59% for the day. Support was likely to be […] Read more

NZD/USD decreased, Bernanke testimony eyed

New Zealand dollar retreated against its US counterpart on Wednesday, as markets awaited the testimony by Ben Bernanke in front of the Congress, scheduled later in the day. NZD/USD fell to a session low at 0.7838 at 7:09 GMT, after which consolidation followed at 0.7859, still down by 0.44% for the day. Support was expected […] Read more

AUD/USD cut gains ahead of Bernanke, RBA rate speculation

Australian dollar trimmed its gains against the US counterpart on Wednesday, as market participants remained wary ahead of congressional testimony by FED Chairman Ben Bernanke later today, while a speculation appeared that Reserve Bank of Australia may reduce interest rates to a record low at its meeting next month. AUD/USD slid to a session low […] Read more

EUR/USD steady ahead of Bernanke testimony

On Wednesday the euro traded steadily against the US dollar, as market players took positions in expectation of the congressional testimony by FED Chairman Ben Bernanke later in the day. EUR/USD bounced off session lows at 1.3130, recorded at 5:58 GMT, to reach 1.3140 at 6:28 GMT. Support was expected at July 16th low, 1.3049, […] Read more

USD/CAD off session lows after US consumer inflation data

US dollar managed to gain against its Canadian counterpart on Tuesday, following upbeat inflation data from the United States, but demand for the greenback was still pressured ahead of congressional testimony by FED Chairman Ben Bernanke. USD/CAD bounced off session lows at 1.0401, recorded at 12:25 GMT, to reach 1.0434. Support was likely to be […] Read more