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Euro Soars on US-China Trade Deal Optimism, Later Crashes

The euro today rallied to its daily highs in the early American session after news emerged that China and the US were keen on signing a phase one deal. The EUR/USD currency pair today rallied higher after the release of the minutes of the ECB Governing Council‘s October meeting in which the board called for unity among member countries.

USD/IDR Flat After Bank Indonesia Keeps Interest Rates Stable

The Indonesian rupiah was little changed against the US dollar today after the nation’s central bank kept interest rates unchanged but maintained an easing bias.

Japanese Macroeconomic Data Positive, Yen Erases Rally

The Japanese yen was rising intraday on the persisting concerns about the US-China trade talks. But currently, the yen has fallen against all other most-traded rivals. Domestic macroeconomic data could not be blamed for the fall as today’s report was rather good.

AUD/CAD Might Have One More Chance to Rally Towards 0.9300

The Australian dollar versus the Canadian dollar currency pair bounced off after the strong depreciation from 0.9093. It’s the bears preparing a new leg to the downside or the bulls already took control?

Canadian Dollar Slumps on Weak Manufacturing Sales, BoC Caution

The Canadian dollar is weakening midweek as new manufacturing sales data and a cautious Bank of Canada (BoC) put pressure on the loonie. While the financial market is nearing all-time highs, the national economy is not experiencing the same level of success. Overall, the Canadian economy remains anemic, but the central bank did note that has the tools to accommodate and prevent further weakness.

Pound Falls as Corbyn Narrows Johnson’s Lead Following Debate

The Sterling pound today continued to fall against the US dollar as Boris Johnson‘s ratings fell following yesterday’s public debate against Jermy Corbyn. The GBP/USD currency pair dropped as investors remained concerned about Corbyn’s rising popularity, which could lead to a hung Parliament after the elections.

Japanese Yen Strong as Traders Skeptical About Sino-US Trade Deal

The Japanese yen rose against other major currencies today amid growing skepticism about chances for a trade deal between the United States and China. Japan’s trade balance failed to meet expectations but that had hardly any noticeable impact on the yen.

NZ Dollar Soft on Market Sentiment, Supported by Domestic Data

The New Zealand dollar was soft today amid the risk-negative market sentiment, which was dragging commodity-geared currencies lower. Losses were limited, though, as domestic macroeconomic data was decent and supportive to the currency of New Zealand.

Australian Dollar Soft amid Negative Fundamentals

The Australian dollar fell today amid the worsening market sentiment. The traders’ mood soured after tensions between the United States and China escalated over the protests in Hong Kong, while US President Trump signaled that he is going to push for higher tariffs on Chinese goods if a trade deal between the world’s two biggest economies will not be reached. The Aussie rallied yesterday despite the dovish monetary policy […]

Is AUD/JPY Playing the Card in Its Sleeve?

The Australian dollar versus the Japanese yen currency pair seems to have been conquered by the bears. Is it so or is it just a mirage?

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