Currency News

AUD/USD en route to three-year lows on rate prospects

Australian dollar reduced its value against its US counterpart on Monday, heading toward almost three-year lows on grown speculations that the Reserve Bank of Australia (RBA) might reduce interest rates in the next month. AUD/USD fell to a session low at 0.9041 during the Asian trade, as the pair lost almost 1% in the end […] Read more

British pound on 3.5-month lows against US dollar on employment data

British pound, alongside the euro, crumbled to 3.5-month lows against the US dollar on Friday, as the greenback was given enormous support, following the release of positive employment data from the United States. GBP/USD cross took a dive to a session low and lowest point since March 12th at 1.4858 at 12:31 GMT, after which […] Read more

USD/CAD hit 22-month highs on US and Canadian data

US dollar advanced to 22-month highs versus its Canadian counterpart on Friday, following the release of upbeat US employment data and mediocre Canadian jobs data. USD/CAD jumped to a session high and highest point since October 4th 2011 at 1.0611 at 12:36 GMT, after which consolidation followed at 1.0577. The pair was up by 0.59% […] Read more

EUR/USD collapsed on US non-farm payrolls

Euro tumbled to six-week lows against the US dollar on Friday, following the release of optimistic employment data from the United States, which bolstered expectations that the Federal Reserve Bank will reduce the scale of its stimulus policy in a short term. EUR/USD pair collapsed to 1.2812 at 12:31 GMT, currently the session low and […] Read more

British pound on three-month lows against the US dollar on interest rate prospects

British pound plunged against the US dollar for a second day on Friday to three-month lows, after Bank of England decided on July 4th to keep on hold base interest rate and monetary stimulus for a longer period than investors had initially expected. GBP/USD tumbled to a session low and lowest point since March 13th […] Read more

US dollar continued its advance against the Swiss franc, US employment report eyed

US dollar managed to extend its advance against the Swiss franc on Friday, as market sentiment was dominated by expectations of a positively-toned report, regarding US employment in June. USD/CHF jumped to a session high at 0.9595 at 7:18 GMT, after which consolidation followed at 0.9584. The cross added 0.17% for the day. Support was […] Read more

Yen lower against US dollar, despite positive Japanese data

Japanese yen traded on lower levels against US dollar on Friday, ignoring positive Leading and Coincident index data, as sentiment was dominated by expectations of the vital US employment report. USD/JPY reached a session high and highest point since July 3rd at 100.39 at 6:07 GMT, after which consolidation followed at 100.28. Support was expected […] Read more

Euro close to five-week lows against US dollar ahead of US non-farm payrolls report

The euro traded lower against the US dollar on Friday, closing the distance to five-week lows, registered already during Thursdays trade, as market players awaited the crucial unemployment rate and non-farm payrolls data from the United States. EUR/USD slid to a session low at 1.2888 at 5:40 GMT, after which consolidation followed at 1.2896, still […] Read more

Euro crumbled to five-week lows against the US dollar on Draghi comments

Euro took a sharp fall against the US dollar to five-week lows, as the regular press conference of the European Central Bank began and after President Mario Draghi stressed that monetary policy will remain loose as long as needed. EUR/USD pair hit a new session low at 1.2884 at 13:00 GMT, after which consolidation followed […] Read more

GBP/USD sank following BoE statement

British pound fell to five-week lows against the US dollar on Thursday after Bank of England introduced no changes in monetary policy but struck a dovish tone in its statement, concerning interest rates. GBP/USD plunged to a new session low and lowest point since May 29th at 1.5075 at 11:16 GMT, after which consolidation followed […] Read more