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NZD/USD Turns Down After Reaching Highest Since 2011

The New Zealand dollar fell today, even though manufacturing data from the South Pacific nation was rather good, but not before reaching the highest level since 2011 against its US counterpart.

Canadian Dollar Sinks Despite News Being Not That Bad

The Canadian dollar sank today even though the Forex traders’ sentiment towards the currency improved somewhat and not all economic reports from Canada were bad. The currency extended its drop for a second trading session.

UK Pound Struggles as Rally Fades

UK pound is struggling today, heading lower against many of its major counterparts, as the recent rally fades. Expectations that the Bank of England would be among the first to start boosting rates again have helped strengthen the pound, but the situation has leveled out and the pound is lower.

Sterling Under Pressure from Services PMI, Maintain Bullishness

The Great Britain pound fell against the US dollar today after the gauge of the services sector fell more than was expected. The sterling is still trading near the highest level since 2008 and was able to maintain its gains versus the Japanese yen.

Euro Ekes Out Some Small Gains After Disappointing PMI

Euro is eking out some small gains against some of its counterparts following the disappointing PMI report just out for June. Concerns about a faltering eurozone economy are on the rise again, especially with the data indicating that France is struggling.

Canadian Dollar Firm, Withstanding Negative Fundamentals

The Canadian dollar was firm today despite yesterday’s negative data. An employment report will be released in Canada today and it is expected to be supportive to the nation’s currency.

Dollar Rallies on Services PMI, Shrugs Off Negative Employment Data

The US dollar rallied today with help of a positive report about the services sector. The currency managed to log gains even though the private employment report was not as good as economists expected.

UK Pound Soft due to Shop Price Deflation, Supported by Services PMI

The Great Britain pound was soft today as shop price deflation persisted last month, suggesting that the UK economy is not yet completely healthy. Losses were limited, though, as the services sector continued to demonstrate robust expansion.

UK Pound Gains as HPI Rises

The Great Britain pound advanced today after a good report about house prices, yet gains were limited as not all today’s data from the United Kingdom was particularly good.

Dollar Gains as Manufacturing Sector Grows with Faster Pace

The US dollar rallied today as the manufacturing index showed that growth of the sector accelerated last month. The data confirmed that the US economy is recovering, giving incentive for the central bank to reduce monetary accommodation and start tightening earlier.

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