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GBP/USD Tests New Lows Despite Positive UK Public Finances Data

The GBP/USD currency pair today hit new lows despite the release of positive public sector finances data by the Office for National Statistics. The pair’s decline was further precipitated by the higher buying pressure around the US dollar even as political tensions in Washington DC abate.

Swiss Franc Demonstrates Uninspiring Perfomance

The Swiss franc’s performance was not impressive today despite the widening trade balance surplus. The Swissie fell against the US dollar and was little changed against most other rivals.

EUR/USD Down After Economic Sentiment Disappoints

The euro fell against the US dollar today after the economic sentiment indicators for Germany and the whole eurozone disappointed. The currency fared better against most other rivals, even gaining on the vulnerable Great Britain pound.

US Dollar Edges Lower as Political Tensions Reduce Appetite for Risk

The US dollar moved lower against the euro on Monday amidst light trading, as traders’ appetite for the greenback weakened due to growing political tensions in the United States. The US currency also dropped against Canada’s dollar, despite lower Canadian wholesale sales than expected in June.

Great Britain Pound Mixed as Brexit Continues to Weigh

The Great Britain pound was mixed today as uncertainty associated with the Brexit continued to weigh on the currency.

Yen Gains During Quiet Monday’s Trading

The Japanese yen gained today amid quiet trading as geopolitical risks made investors stick to the safety of the currency.

Canadian Dollar Climbs Against British Pound on Improved Inflation in July

The Canadian dollar surged against the British pound and the US dollar on Friday in the wake of a fresh reading for Canadian inflation, which showed that it had improved in July from a year earlier. The Canadian currency also rose against the US dollar and other major peers as investors became more optimistic that the Bank of Canada may increase its interest rates soon.

US Dollar Weakens Against Euro Despite Positive Consumer Confidence Data

The US dollar today weakened against its main trading partner, the euro, despite positive consumer confidence data as tracked by the University of Michigan. The US dollar was depressed against the euro largely due to the uncertainty emanating from the White House as due to President Donald Trump‘s recent comments.

US Dollar Gives up Early Gains as Political Woes Remain in Play

The US dollar rose against the euro and other major currencies on Thursday, even after giving up some of the gains it made earlier today. A smaller drop than expected in manufacturing activity in Philadelphia and a low number of jobless claims supported the greenback. However, rippling effects from the Federal Reserve’s meeting minutes and political developments in the United States limited the greenback’s gains today.

Euro Declines Against US Dollar on Dovish ECB Minutes

The euro today declined against the US dollar after the release of the European Central Bank‘s minutes of their monetary policy meeting, which outlined a dovish stance. The US dollar was stronger against the euro due to the high buying interest in the greenback as tracked by the US Dollar Index, which hit new highs in today’s session.

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