Market participants expect a US debt level decision. Dollar reached new lows.
Asian and European trading session:
Euro: During the Asian trading session the EUR/USD pair was trading in the $1.4491- $1.4536 range. During the European session the pair fell back toward the support at $1.4470, attempted to recover back and showed its highs at $1.4507, but later on the pair fell to $1.4440 mark.
US Dollar The dollar was trading at its lows against major currencies ahead of the vote in the U.S. on improving the dept situation. Dollar fell to record lows against the Australian and New Zealand currencies, as Barack Obama continued to lead the fight in Congress regarding the approval of a plan to raise debt limit and reduce the deficit. Greenback was also pressured after the release of the durable goods orders report, which has been published today in the afternoon. Orders unexpectedly fell in June by 2.1%, while analysts forecast a rise of 0.5%.
British Pound: The sterling fell after a disappointing factory orders report from the Confederation of British Industry, which showed that the volume of orders in July fell by 10% after rising for 1% in June.
The GBP/USD pair traded in the range of $1.6401 - $1.6436. After the weak CBI report the pound retreated to lows below the $1.6400 mark, continued moving to the lows of $1.6356 range.
Japanese Yen: The USD/JPY pair fell and traded at the Y77.60 - Y77.91 range.
Australian Dollar: The Australian dollar strengthened after the published data, which recorded greater than expected rise in consumer prices in Australia.
Gold: Today the gold price renewed its historical maximum at the level of $1.628.80 ounce. The desire of investors to maintain their status by investing in gold was due to continuing concerns regarding the U.S. decision to raise the debt limit from the current $ 14.3 trillion.
American trading session:
Canadian Dollar: The Canadian dollar fell against the U.S. dollar. Yesterday it reached the maximum level in the last 3 years.
https://forex-metal.com/news_posts
Asian and European trading session:
Euro: During the Asian trading session the EUR/USD pair was trading in the $1.4491- $1.4536 range. During the European session the pair fell back toward the support at $1.4470, attempted to recover back and showed its highs at $1.4507, but later on the pair fell to $1.4440 mark.
US Dollar The dollar was trading at its lows against major currencies ahead of the vote in the U.S. on improving the dept situation. Dollar fell to record lows against the Australian and New Zealand currencies, as Barack Obama continued to lead the fight in Congress regarding the approval of a plan to raise debt limit and reduce the deficit. Greenback was also pressured after the release of the durable goods orders report, which has been published today in the afternoon. Orders unexpectedly fell in June by 2.1%, while analysts forecast a rise of 0.5%.
British Pound: The sterling fell after a disappointing factory orders report from the Confederation of British Industry, which showed that the volume of orders in July fell by 10% after rising for 1% in June.
The GBP/USD pair traded in the range of $1.6401 - $1.6436. After the weak CBI report the pound retreated to lows below the $1.6400 mark, continued moving to the lows of $1.6356 range.
Japanese Yen: The USD/JPY pair fell and traded at the Y77.60 - Y77.91 range.
Australian Dollar: The Australian dollar strengthened after the published data, which recorded greater than expected rise in consumer prices in Australia.
Gold: Today the gold price renewed its historical maximum at the level of $1.628.80 ounce. The desire of investors to maintain their status by investing in gold was due to continuing concerns regarding the U.S. decision to raise the debt limit from the current $ 14.3 trillion.
American trading session:
Canadian Dollar: The Canadian dollar fell against the U.S. dollar. Yesterday it reached the maximum level in the last 3 years.
https://forex-metal.com/news_posts