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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.

AUD/USD Drops for Third Day as Australian CPI Misses Expectations

The Australian dollar dropped today, falling for the third straight day against its US counterpart. The reason for the decline was the inflation report that missed expectations, even though the disparity was minimal.

Canadian Dollar Declines as US Imposes New Duties on Canadian Lumber Imports

The Canadian dollar weakened against the US dollar and a number of other major peers on Tuesday after the United States decided to impose higher duties on lumber coming from Canada. Traders preferred to stay off the market ahead of a highly anticipated report on Canadian retail sales in February that is due to be released tomorrow.

US Dollar Drops to New Lows Despite Positive US Data

The US dollar declined to new lows today after the release of a raft of economic reports from the US economic docket. Today’s economic releases include the consumer confidence index, the house price index, the new homes sales report and the S&P/Case-Shiller US home price index.

Canadian Dollar Erases Early Gains as Lower Oil Prices Outweigh Wholesale Data

The Canadian dollar gave up all of the gains it had achieved against its main counterparts earlier on Monday, following a drop in oil prices that weighed on the loonie. Canadian economic data was supportive of the currency today as wholesale sales were better than expected in February, but the positive data was overshadowed by concerns about a global crude oil supply glut.

Yen Soft as Fears Abate After French Elections

The Japanese yen was soft today after the outcome of the French Presidential elections eased fears on markets. While the currency traded above the Monday’s opening, it was still far below the Friday’s close.

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