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UK Pound Pulls Back After Earlier Gains

UK pound is heading lower right now, pulling back after earlier gains. Good economic data provided some support for the sterling, but now profit taking has taken its toll, and lower equities are weighing on the pound.

Euro Continues to Struggle Against Counterparts

Even though the euro has made up some lost ground recently, the 18-nation currency continues to struggle against some of its counterparts. Even with the euro catching up to the greenback, the US dollar is still expected to maintain the upper hand.

China’s Data Pleasantly Surprises, Aussie Edges Higher

The Australian dollar ticked up, rising against all its most-traded peers, as economic data released today from China was better than traders have anticipated, improving prospects for Australia’s exports.

NZ Dollar Ends Week Very Soft

The New Zealand dollar was extremely soft this week, and the current trading session was not an exception. The currency fell against its major peers even though economic data from New Zealand was rather positive.

Dollar Holds onto Massive Gains

The US dollar demonstrated huge gains today, mostly with help from the European Central Bank policy decision, but also due to the string of positive domestic economic indicators that supported the outlook for monetary tightening from the Federal Reserve.

Japanese Yen Mostly Lower After Services Data

Japanese yen is mostly lower today, following the release of the latest services PMI data. Additionally, expected changes to the government’s investment fund are expected in the coming weeks, and that is also having an impact.

Aussie Recovers After Big Drop

The Australian dollar dipped today after manufacturing data from China disappointed traders. Yet for whatever reason the currency was able to erase the big drop and trades near the opening level right now.

UK Pound Remains Mixed Against Major Counterparts

UK pound is mixed today, thanks to a lot of thought being given to the latest data points, as well as to interest in possible outcomes for the future of the UK economy.

Greenback Gains Across the Board

US dollar is gaining against its major counterparts today, heading higher ahead of data releases. Greenback is higher today, and the US dollar index is gaining ground.

Economic Data Weighs on Pound

Sterling is heading lower today, dropping as the latest manufacturing growth data disappoints. The UK economy continues to struggle, and it doesn’t help much that the Bank of England has predicted slowing growth in the economy. Indeed, compared to some of its major counterparts, the slowdown is disappointing, and contributing to losses for the pound.

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