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Canadian Dollar Climbs Against US Counterpart amid Uncertainty Surrounding Trump Plans

The Canadian dollar edged higher against its US counterpart on Monday, as investors became uncertain about the future of Donald Trump’s economic agenda. A healthcare bill that aimed to dismantle and replace Obamacare failed to pass in Congress on Friday, which raised concerns that the economic plans of the president might face a great deal of resistance.

GBP/USD Rallies Ahead of Theresa May’s Triggering of Article 50

The GBP/USD currency pair rallied higher today as markets anticipate the triggering of Article 50 on Wednesday by the UK Prime Minister, Theresa May. The British pound rallied higher boosted by the positive economic data released recently in the UK, while markets ignored the uncertainty associated with the official Brexit process.

Yen Climbs Following Trump’s Failure to Dismantle Obamacare

The Japanese yen gained today, rallying to the highest level since November against the US dollar, after US President Donald Trump failed to push his health care bill. Meanwhile, the Bank of Japan released the Summary of Opinions for the March policy meeting.

US Dollar Weak as Trump Fails to Repeal Obamacare

The US dollar was broadly weak during Monday’s trading session after US President Donald Trump suffered a major defeat on Friday, failing to dismantle the Obamacare. The greenback was trading near the lowest level since November against such currencies like the euro and the Swiss franc.

US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn

The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated Republican healthcare bill from the House of Representatives before a vote that would have decided its future.

EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback

The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also affected by the uncertainty surrounding the passing of Donald Trump‘s healthcare bill by the House, which weakened the greenback.

Japanese Yen Soft Against Euro & Swiss Franc

The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief.

New Zealand Dollar Falls for Fourth Day Against Yen

The New Zealand dollar fell today, dropping for the fourth consecutive day against the Japanese yen, following the release of the trade balance report that failed to meet market expectations.

US Dollar Maintains Losses Ahead of GOP Healthcare Plan Vote

The US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan.

GBP/USD Rallies After Release of Strong UK Sales Data by the ONS

The GBP/USD currency pair rallied higher today after the release of strong UK retail sales data for the month of February by the Office for National Statistics. The British pound rallied higher boosted by the positive retail sales data as opposed to the weaker US dollar as investors exercised caution towards the greenback ahead of crucial House vote.

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