Currency News

EUR/USD advanced further, but gains were limited

The euro managed to gain further ground against the US dollar on Tuesday, but upward movement was likely to remained limited, because of expectations of US Federal Reserve Bank to reduce the scale of bond purchases soon. EUR/USD cross touched 1.2897 at 6:54 GMT, the pairs highest point for todays trade, after which consolidation followed […] Read more

New Zealand dollar higher against US peer on good NZ business confidence

New Zealand dollar advanced against its US counterpart on Tuesday, following the release of positive business confidence data from New Zealand. NZD/USD pair hit a session high at 0.7873 at 7:01 GMT, after which consolidation followed at 0.7860. Support was expected at July 3rd low, 0.7710, while resistance was to be encountered at June 10th […] Read more

AUD/USD recovered from earlier losses

Australian dollar managed to recover lost positions versus its US peer during the early phase of Asian trade on Tuesday. AUD/USD pair fell to session lows at 0.9083 earlier on Tuesday, while at 6:39 GMT it was trading at 0.9149, registering a 0.15% gains for the day. Support was likely to be received at July […] Read more

USD/CAD on session lows

US dollar slid to session lows against its Canadian counterpart on Monday, as investors took profits, following dollars recent rally. USD/CAD pair fell to a session low at 1.0546 at 12:39 GMT, after which consolidation followed at 1.0559. The cross erased 0.10% for the day. Support was expected at July 5th low, 1.0510, while resistance […] Read more

EUR/USD higher, gains capped

On Mondays trade the euro edged higher against the US dollar, but gains seemed capped, as expectations of FED to begin tapering its Quantitative Easing, weighed on market sentiment. EUR/USD cross climbed to a session high at 1.2861 at 10:37 GMT, after which consolidation followed at 1.2845. Support was likely to be found at March […] Read more

Pound close to 11-week lows versus the euro, Bank of England stimulus weighed

British pound traded close to 11-week lows against the euro on Monday on speculation that Bank of England will stick to its current stimulus policy. EUR/GBP pair hit a session high at 0.8621 earlier, after which consolidation followed at 0.8615. On July 4th the pair slid to 0.8633, the lowest point since April 17th. “The […] Read more

USD/CHF off session highs after positive Swiss data

US dollar came off session highs against the Swiss franc on Monday, following optimistic data, regarding Swiss unemployment rate and industrial production. USD/CHF hit a session high at 0.9666 at 5:00 GMT, as at 9:09 GMT the cross was trading at 0.9644, still up by 0.11% for the day. Support was expected at 0.9625, while […] Read more

Firm dollar pushed the British pound to four-month lows

On Monday British pound traded close to four-month lows versus the US dollar, following the stronger than expected employment data from the United States on July 5th. GBP/USD pair fell to a session low at 1.4858 during early European trade, after which consolidation followed at 1.4877. The cross was down by 0.17% for the day. […] Read more

USD/JPY on lower levels

US dollar fell to lower levels against the Japanese yen on Monday from near five-week highs, because of the decline in Asian shares overnight, that increased demand for the yen. USD/JPY slid to a session low at 100.94 at 6:07 GMT, after which consolidated at 101.10. Support was expected at July 5th low, 99.88, while […] Read more

EUR/USD still near six-week lows

The euro traded close to six-week lows versus the greenback on Monday, as stronger than projected employment data from the United States, released on July 5th, bolstered expectations of a possible bond purchase tapering by the Federal Reserve soon. EUR/USD pair fell to a session low at 1.2812 at 5:01 GMT, after which consolidation followed […] Read more