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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.

EUR/USD Retreats from 5-Month High After French Election

The euro retreated from the opening levels today, but that was after opening sharply higher following the French Presidential election over the weekend. In fact, EUR/USD opened at the highest level since November.

Great Britain Pound Strong After Election Announcement

The Great Britain pound was the strongest major currency this week as UK Prime Minister Theresa May surprised markets, announcing a snap general election.

US Dollar Edges Higher on Strong Housing Data and Anticipation for French Election

The US dollar strengthened against the euro on Friday, following the release of positive data for the US housing sector. Investors are keeping a close eye on the French presidential election on Sunday, which weighed on the shared currency and gave way for the greenback to score more gains today.

Yen Gains on Economic Data, Risk Aversion

The Japanese yen was firm today after the release of positive domestic macroeconomic data. The currency gained on the euro also due to the market sentiment that worsened after what looks like as a terrorist attack in France.

Pound Drops After Unexpectedly Poor Retail Sales Data

The Great Britain pound fell today after the release of disappointing retail sales data for March.

US Dollar Stays Lower on Lackluster Manufacturing Data

The US dollar remained weaker against the euro on Thursday as traders digested a disappointing report on manufacturing activity in the Philadelphia region, which was released earlier today. However, an index that tracks the strength of the greenback rose as the US currency improved against a number of its major peers.

Euro Climbs Higher Against Peers on Positive Consumer Confidence Data

The euro rallied higher against its main peers after the release of better-than-expected consumer confidence data by the European Commission. The currency also rallied hogher after the release of the Eurozone construction industry data for February, which beat expectations.

GBP/USD Maintains Gains as UK Voting Intentions Become Clear

The GBP/USD currency pair today maintained the significant gains made after the announcement of snap elections by British Prime Minister Theresa May. The results of a poll conducted by YouGov on behalf of the Times Newspaper indicated that support for the ruling Conservative Party was at a nine-year high.

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