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Sterling Drops as Traders Brace for Easing from Bank of England

The Great Britain pound fell against the US dollar and the euro during the current trading session as market participants were betting on monetary easing from the nation’s central bank at this week’s policy meeting.

Yen Drops After Elections in Japan

The Japanese yen dropped today as the landslide victory of the ruling coalition gave Prime Minister Shinzo Abe to take bolder steps for reviving economic growth.

US Dollar Ends Week Mixed as NFP Do Not Give Edge

The US dollar has ended the trading week mixed. It rose against the euro, the Great Britain pound, the Swiss franc, and the Canadian dollar. At the same time, the greenback fell versus the Japanese yen, the Australian dollar, and the New Zealand dollar.

Yen Goes Higher, Making Japanese Policy Makers Unhappy

The Japanese yen rallied today despite unfavorable macroeconomic data and warnings from Japan’s officials about possible interventions in order to stem the currency’s rally.

Brazilian Real Jumps vs. US Dollar

The Brazilian real jumped as much as 2% versus the US dollar today as Brazil’s central bank refrained from intervening in markets to support the currency while the government showed willingness to embark on fiscal austerity.

Canadian Dollar Settles Lower After Jobs Data

The Canadian dollar fell today after the release of jobs data that showed an unexpected drop of employment. The drop was fairly limited, though the currency reached a multi-year low versus the Japanese yen.

Non-Farm Payrolls Fail to Boost Dollar

US non-farm payrolls were positive at the first glance, but it was not enough to boost the US dollar. On closer inspection, the employment report was not that good, giving no reason to believe that the economic conditions are solid enough to warrant withdrawal of monetary stimulus.

Swiss Franc Soft Despite Positive CPI

The Swiss franc was soft today even though inflation data released from Switzerland during the current trading session beat forecasts. The likely reason for the poor performance was the shift in the market sentiment.

S&P Cuts Australia’s Credit Rating Outlook

The Australian dollar plunged today after Standard & Poor’s had cut the country’s credit rating outlook. The Aussie has bounced later and is now trading close to its opening level.

US Dollar Mixed as Good Data Countered by Fed Minutes

The US dollar was mixed during early Thursday’s trading. The currency rose versus the euro, fell against the Japanese yen, and was flat versus the Great Britain pound.

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