Currency News

EUR/USD with a sharp jump to session highs

The euro rose to session highs against the widely retreating US dollar on Tuesday, as market players awaited the testimony by Ben Bernanke in front of the Congress and following German Chancellor Angela Merkels comments earlier today. EUR/USD hit a session high at 1.3129 at 11:22 GMT, the highest point since July 11th, after which […] Read more

GBP/USD tumbled on UK consumer price index report

British pound slid against the US dollar on Tuesday, following the official consumer price index report from the United Kingdom, which showed consumer inflation rose less than expected during June. GBP/USD cross fell to a session low at 1.5044 at 8:45 GMT, after which consolidation followed at 1.5054. Support was expected at July 11th low, […] Read more

NZD/USD advanced, Bernanke testimony eyed

Alongside Australian dollar, the kiwi dollar was also on higher levels against the US dollar on Tuesday, because demand for the greenback was put under pressure ahead of Ben Bernankes testimony to Congress tomorrow. NZD/USD hit a session high at 0.7849 at 7:44 GMT, after which consolidation followed at 0.7831. Support was expected at July […] Read more

Aussie higher against the US dollar following Reserve Bank of Australia minutes

Australian dollar climbed for a second day in a row against the greenback on Tuesday, after the release of the minutes of the recent RBA meeting, while the US dollar was put under pressure ahead of Ben Bernankes testimony to Congress tomorrow. AUD/USD reached a session high at 0.9193 at 5:59 GMT, the highest point […] Read more

EUR/USD advanced, Bernanke testimony eyed

The euro pushed higher versus the US dollar on Tuesday, as market players began focusing on the testimony to Congress by Ben Bernanke on Wednesday. EUR/USD reached a session high at 1.3094 at 6:03 GMT, after which consolidation followed at 1.3080. Support was expected at July 12th low, 1.2998, while resistance was to be encountered […] Read more

USD/CAD trimmed earlier gains after disappointing US retail sales

US dollar reduced gains against its Canadian counterpart on Monday, following the retail sales report from the United States, which showed that the indicator rose less than projected, bringing to life fears that economy was losing its momentum. USD/CAD fell from a session high at 1.0434, the highest point since July 11th to reach 1.0402 […] Read more

USD/CHF close to session highs

The widely expanding US dollar traded close to session highs against the Swiss franc on Monday, as demand for the greenback was bolstered in expectation of Ben Bernankes statements later in the week. USD/CHF hit a session high and highest value since July 11th at 0.9533 at 11:51 GMT, after which consolidation followed at 0.9526. […] Read more

EUR/USD continued its slide

US dollar continued its advance against the euro and the other major currencies on Monday, as market players put their focus on the upcoming statement by FED Chairman Ben Bernanke for clues, regarding monetary policy and also in expectation of the US retail sales report later today. EUR/USD slid to a new session low at […] Read more

GBP/USD on lower levels, eyes on US retail sales

British pound slid to lower levels against the US dollar on Monday, as the greenback was supported by renewed expectations of US Federal Reserve Bank tapering its Quantitative Easing later in the year. GBP/USD fell to a session low at 1.5039 at 8:44 GMT, the lowest point since July 11th, after which consolidation followed at […] Read more

US dollar advanced against the yen after China’s GDP report

US dollar gained ground against the Japanese yen on Monday, following the release of Chinese GDP report, which said economy managed to grow in consonance with preliminary estimates during the second quarter of the year, chilling out fears over a possible slowdown in the second largest economy worldwide, which diminished safe haven demand for the […] Read more