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Euro Crashes to 7-Week Lows As the US Dollar Surges Higher

The euro today fell against the US dollar for the third consecutive session as investors trimmed their expectations of a massive rate cut by the Fed boosting the greenback. The EUR/USD currency pair was also affected by market expectations of the announcement of further monetary easing policies by the ECB later this week.

Pound Recovers As Boris Johnson Becomes PM, Capped by Bearish Data

The British pound is rallying on Tuesday after it was confirmed that former London Mayor Boris Johnson would become Britain’s new prime minister. In addition to a higher pound, European markets appeared to cheer on the pro-Brexit politician as leading indexes recorded 1% gains. But that did not prevent disappointing data from capping the currency’s ascent.

Japanese Yen Weakens on BOJ Uncertainty Over Monetary Easing

The Japanese yen is softening to kick off the trading week after investors learned very little from a much-anticipated speech by the head of the Bank of Japan (BOJ). On Monday, central bank governor Haruhiko Kuroda disappointed investors when he said any monetary policy moves will depend on the performance of the national economy and global markets. Still, most economists believe the next move for the BOJ will be additional easing.

Loonie Rallies on Oil Price Gains, Later Retreats As Oil Prices Fall

The Canadian dollar also referred to as the ‘loonie’ today rallied higher against the US dollar as oil prices soared during the Asian session. However, the loonie’s gains were short-lived as oil prices quickly fell during the European session reversing the USD/CAD currency pair’s losses and launching a sustained rally.

NZD/CAD Just Might Conquer 0.8915

The New Zealand dollar versus the Canadian dollar currency pair is in a very aggressive ascending phase, and orchestrated by other factors it might be able to pierce the 0.8900 psychological level and turn it into a support.

Pound Ends Week Weakest amid Brexit Fears, Domestic Data Fails to Boost Currency

The Great Britain pound ended the week as the weakest currency on the Forex market. While the sterling got some help from domestic macroeconomic data, Brexit fears continued to hurt the currency. The US dollar and the euro were also soft. Commodity currencies were clear winners during the past trading week.

Canadian Dollar Mixed amid Opposing Fundamentals

The Canadian dollar was mixed today, unsure where to go amid opposing fundamentals. While domestic macroeconomic data was very detrimental to Canada’s currency, rising prices for crude oil was a supportive factor for the loonie.

USD/TRY Rises as Tensions Between USA & Turkey Flare

The Turkish lira fell against the US dollar today after geopolitical tensions between the United States and Turkey flared.

US Dollar Rallies As Market Dismisses IMF’s ‘Overvalued’ Concerns

The US dollar is finishing the trading week higher against a handful of currencies as the market appears to be moving on from recent comments pertaining to the greenback’s valuation. With a Federal Reserve bank president discussing the need for action ahead of a crisis and some data to throw in the mix, it has been a fun ride for the dollar this week.

Japanese Yen Soft After Data Suggests Economy Weakens

The Japanese yen was generally soft today, though the currency has trimmed losses against some of its rivals by now and even managed to gain on the euro, which itself was very vulnerable. Domestic macroeconomic data, which demonstrated weakening economic activity in Japan, was unfavorable to the yen.

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