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US CPI Accelerates Within Expectations, US Dollar Index Falls Slightly

The US dollar gained on some of its major rivals, including the euro and the Great Britain pound, after consumer inflation in the United States accelerated in line with market expectations. Overall, though, the currency traded slightly lower.

Chinese Yuan Rises Despite Disappointing Economic Data

The Chinese yuan is gaining against its American counterpart midweek, despite a myriad of disappointing economic numbers that show the national economy is not on strong footing. It is evident by now that Beijing will be unable to weather the storm clouds forming from the US-China trade war.

Pound Falls on UK Political Uncertainty Amid Weak Inflation Data

The Sterling pound today traded lower against the US dollar as markets awaited the crucial meeting between the British PM Theresa May and her cabinet to approve the draft Brexit deal. The pound declined further following the release of weak UK consumer price index report in the early London session, which further soured investor sentiment towards the Sterling.

Euro Falls on Weak German GDP Growth as Italian Crisis Persists

The euro today fell significantly against the US dollar following the release of weak German GDP growth data in the early European session. The single currency’s decline was further accelerated by the risk-off market sentiment as investors waited for the resolution of the ongoing Italian budget crisis.

Aussie Reacts Negatively to China’s Disappointing Retail Sales

The Australian dollar attempted to rally during the Wednesday’s trading session but fell later. Some market analysts attributed the decline to the worse-than-expected retail sales in China. China’s macroeconomic data often has strong impact on the Australian currency because China is Australia’s biggest trading partner. Economic reports released in Australia itself over the current session were good.

Yen Drops on Slowing Economic Growth, Trims Losses Later

The Japanese yen dropped intraday as most macroeconomic reports released in Japan today were disappointing. By now, though, the currency has trimmed its losses, erasing them against some rivals outright.

Canadian Dollar Struggles to Find Direction Amid Crashing Crude Prices

The Canadian dollar is trading relatively sideways on Tuesday as the price of crude oil crashes. The loonie, which slipped to a four-month low early in the trading day, is attempting to snap its four-session losing streak. Without any major Canadian events, investors may not have an appetite for the currency.

Euro Rallies Higher on Positive Sentiment Amid Italy’s Defiance

The euro today rallied higher against the US dollar driven by positive market sentiment backed by investors’ expectations of a future US-China trade deal. However, the single currency’s rally was significantly hampered by the ongoing standoff between the EU and Italy regarding its 2019 budget plans.

Pound Rallies on Brexit Hopes, Declines on Mixed UK Jobs Data

The British pound today rallied higher and recovered from a 3-day losing streak as investors hoped for a breakthrough in Brexit negotiations. However, the lack of any tangible progress in the Brexit proceedings and the mixed UK jobs report released today stalled the cable’s rally.

Chinese Yuan Weakens to 10-Year Low As Economy Holds Steady

The Chinese yuan weakened to a 10-year low against its US counterpart as the national economy held steady in October. It is evident that President Donald Trump’s trade war against Beijing continues to have a dire toll on the world’s second-largest economy. With the trade spat expected to linger into 2019, analysts are warning that the worst is far from over for China.

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