Forex News

The Norwegian krone gained today as the rally of crude oil boosted currencies of oil exporting nations.

The Canadian dollar gained against other most-traded currencies today thanks to a big rally of crude oil. But gains were limited as market participants were waiting for the monetary policy decision of Canada’s central bank later this week.

The Swedish krona fell against the US dollar a bit today ahead of this week’s monetary policy meeting of Sweden’s central bank.

The Canadian dollar versus the Japanese yen is testing the important ex-solid support area of 83.81.

The Australian dollar versus the New Zealand dollar etched the new high of 2019, and this makes possible even more positive expectations.

The Canadian dollar showed mixed performance today despite favorable retail sales data. The explanation for this could be strength of its rivals as well as the decline of crude oil prices.

The Australian dollar was mixed today despite extremely positive employment data. Other macroeconomic reports released in Australia during the Thursday’s trading session were less stellar.

The US dollar posted gains against some of its most traded currency rivals on Thursday, buoyed by strong data supporting claims that the US economy is doing rather well. This comes as the nation keeps all its eyes on the findings from special counsel Robert Mueller’s two-year investigation into collusion between President Donald Trump and Russia.

The Sterling pound today fell against the US dollar despite the release of upbeat UK retail sales data in the early London session. The GBP/USD currency pair extended its losses following the release of positive retail sales data from the US docket in the early American session.

The euro today fell to new weekly lows against the US dollar following the release of disappointing German manufacturing PMI by IHS Markit earlier today. The EUR/USD currency pair fell to new lows after PMI data indicated that the euro area manufacturing sector was still contracting at a fast rate.