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US Dollar Weakens Versus a Basket of Major Counterparts on Disappointing GDP Growth

The US dollar declined against most of its main peers on Friday, which drove an index that tracks the greenback’s strength to its lowest level since November 9 earlier today before partly erasing some of its losses. The US currency was weaker today following a report on gross domestic product growth in the United States, which revealed data that fell short of expectations.

USD/CAD Rallies Briefly After Release of Flat Canadian GDP Data

The USD/CAD currency pair today declined slightly from multi-month highs that had been registered earlier after the release of Canadian GDP data by Statistics Canada. The currency pair had rallied higher briefly after the announcement of both the Canadian and US GDP data before retracing some of its daily gains.

EUR/USD Rallies Higher on Positive Eurozone CPI Data

The EUR/USD currency pair rallied to new highs today after the release of positive CPI data from the Eurozone. The euro gained significantly against the US dollar as the Eurozone inflation figures for the month of April released by Eurostat exceeded expectations.

Japanese Yen Soft Following Economic Data & BoJ Meeting

The Japanese yen fell during the current trading session following the barrage of economic reports in Japan today and yesterday’s policy meeting of the Bank of Japan.

GBP/USD Rises to Highest Since September, Ignoring Data

The Great Britain pound gained today, reaching the highest level since September, despite underwhelming economic data released from the United Kingdom today.

US Dollar Remains Little Changed Against Main Peers on Mixed Economic Data

The US dollar strengthened against the euro and fell against the British pound, the Canadian dollar, and the Japanese yen on Thursday. The greenback struggled for direction following a number of economic releases in the United States that revealed mixed data today, which raised uncertainty about the stability of the economic recovery.

EUR/USD Dips Drastically as ECB Maintains Interest Rates and QE Program

The EUR/USD currency pair today declined significantly during Mario Draghi‘s speech as the European Central Bank maintained interest rates at the same level. The currency pair dipped as the US dollar strengthened against the single currency due to higher US bond yields.

New Zealand Dollar weakens Against US Counterpart Following Trump Tweet on Dairy Industry

The New Zealand dollar dropped on Wednesday against its US peer to continue a steep decline that began on April 24. Today’s declined followed remarks made by US President Donald Trump on Twitter regarding the US dairy industry yesterday.

USD/CAD Trades Sideways After Disappointing Canadian Retail Sales Data

The USD/CAD currency pair briefly rallied higher after the release of disappointing Canadian retail sales data for the month of February, but later declined. The currency pair performed much better today even as the retail sales data weakened the Canadian dollar, which came under intense selling pressure briefly after the release.

Yen on Back Foot as Investors Have Confidence to Risk

The Japanese yen was on a defensive during the Wednesday’s trading session as the market sentiment continued to favor riskier currencies over safer ones.

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