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USD/CNY Trends in 6.9 Range Amid Strong PMI Readings

The Chinese yuan is weakening slightly against the US dollar to kick off the trading week, despite strong economic data. The yuan had been finding support on a better-than-expected rebound, as well as confidence in the broader financial markets. Whatever happens, it appears that the yuan on track for further appreciation in the second half of 2020, which is what some analysts had forecast.

Bulls Looking Tired at 0.7191 on AUD/USD

The Australian versus the US dollar currency pair failed to conquer the 0.7191 resistance level. Is this a sign of the bears getting stronger?

USD/CHF Tests 0.91 As SNB Posts Huge Q2 Profits

The Swiss franc continues to strengthen against many of its major currency rivals. At the end of the trading week, the franc is looking to touch levels against the US dollar unseen in seven years, despite the Swiss National Bank (SNB)‘s myriad of foreign exchange interventions. How much more can the franc appreciate this year?

Euro Falls on Weak Euro Area Macro Prints, Retail Sales, GDP and CPI

The euro today fell against the US dollar as investors took profits following its blistering rally and the weak euro area GDP data did not help the single currency. The EUR/USD currency pair fell from the early European market as investors took profits on their positions to end a very profitable month for traders who were bullish on the euro.

Canadian Dollar Rallies Against US Peer on Positive GDP Data

The Canadian dollar today posted slights gains against its US peer after the release of upbeat Canadian May GDP data in the American session. The USD/CAD currency pair was trading sideways with minimal losses for most of today’s session as global crude oil prices remained sidelined.

USD/JPY Beneath the Important Support of 105.09

The US dollar versus the Japanese yen currency pair slipped under the important 105.09 level. Can the bulls deliver a surprise comeback?

Euro Rallies to 2-Year Highs Against the Dollar on Weak US GDP

The euro today rallied to new 2-year highs against the US dollar driven by positive releases from across the eurozone combined with weak US GDP data. The EUR/USD currency pair today was boosted by upbeat German unemployment data as opposed to the rising jobless claims in the US, which dragged the greenback lower.

US Dollar Strengthens As Economy Enters Recession

The US dollar has snapped its losing streak and is making gains against its G10 currency rivals on Thursday. The greenback is finding support on the US government reporting better-than-expected initial jobless claims and GDP data in the second quarter. The buck, which has been on a downward trend over the last three months, is looking to reverse its losses as traders seek refuge in a safe-haven asset.

Bullish Determination Sent GBP/CAD Above 1.7285

The Great Britain pound versus the Canadian dollar currency pair printed a strong rally. Could the bears invalidate it?

Sterling Inches Higher Against the Dollar on Sentiment, Fed Decision

The Sterling pound today inched higher against the US dollar for the ninth consecutive session as investors remained worried about the rising coronavirus cases in the US. The GBP/USD currency pair today broke out of an initial trading range during the Asian session and headed higher boosted by positive UK releases.

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