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US Dollar Mixed on Data, Lingering Trade Conflict

The US dollar is mixed against a myriad of currencies to finish the trading week. The greenback is contending with various economic numbers, geopolitical developments, and market events to carve out a concrete direction, which might be the case for the next several trading sessions. The next month might be pivotal for the buck’s performance for the remainder of 2019.

Malaysian Ringgit Gains After Positive Surprise from Economic Growth

The Malaysian ringgit gained today after Malaysia’s economy surprised experts, growing more than expected despite negative fundamentals. Economists remained largely pessimistic, though, arguing that the economy will likely not be able to maintain the impressive performance.

NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

Chinese Yuan Mixed on Weaker Industrial Output, Surging Home Prices

The Chinese yuan is having a mixed trading session against multiple currencies, driven by varied economic data. The biggest story for China was its July industrial production being worse than what the market had expected, though it was somewhat offset by soaring housing prices in the world’s second-largest economy. The yuan may not be able to strengthen against a basket of currencies until the trade war is finally over.

Euro Falls on Upbeat US Retail Sales and China Retaliation Fears

The euro today fell against the US dollar during the American session following the release of upbeat advance US retail sales report, which boosted the greenback. The EUR/USD currency pair gave up most of its earlier gains amid a deluge of positive data from the US docket.

Swiss PPI Falls Less than Expected, Franc Soft

The Swiss franc was soft today even though the Producer Price Index fell last month less than was expected.

Surprising Growth of Britain’s Retail Sales Bolster Sterling

The Great Britain pound gained against other most-traded currencies today after Britain’s retail sales rose unexpectedly last month. The threat of a no-deal Brexit continues to hang over the currency, but the sterling largely ignored it today, paying more attention to the positive data.

Australian Dollar Gets Boost from Very Good Employment Report

The Australian dollar rallied today, though the currency has trimmed its gains by now. The Aussie got a boost from the employment report that came out much better than was expected.

AUD/CAD Rides the Path to 0.9100

The Australian dollar versus the Canadian dollar currency pair bottomed at the 0.8900 psychological level and now rallies towards a bearish area.

US Dollar Rallies Despite Recession Talk Amid Inverted Yield Curve

The US dollar is strengthening against other most-traded currencies midweek, possibly befuddling some passive investors after noticing a lot of recession talk trending across the online world. As the financial markets drown in an ocean of red ink and the primary measurement of the yield curve temporarily inverted, there is a fear that the US economy is on the cusp of slipping into a downturn.

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