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Canadian Dollar Surges Despite Disappointing Retail Sales

The Canadian dollar is strengthening against a basket of currencies at the end of the trading week, despite disappointing retail sales data. The loonie’s performance also comes as the central bank warned that the path of interest rates remains “uncertain,” leaving markets guessing when the next rate hike will take place in 2019 – if at all.

EUR/USD Pair Extends Range-Bound Action for Third Straight Session

The EUR/USD currency pair today extended its range-bound trading pattern for the third consecutive session as the pair reacted to mixed German data and news headlines. The currency pair’s performance was influenced by headlines regarding the US-China trade negotiations and Brexit developments, but investors remained undecided.

Australian Dollar Gains Even as RBA Chief Mentions Higher Chances of Interest Rate Cut

The Australian dollar was the strongest currency on the Forex market today as traders were cautiously optimistic, waiting for the outcome of the US-China trade negotiations in Washington. The chief of Australia’s central bank reiterated that chances of an interest rate cut increased, but that hardly affected the currency.

NZ Dollar Rebounds After Falling on Interest Rate Cut Speculations

The New Zealand dollar fell intraday after the nation’s central bank proposed to raise capital requirements for New Zealand’s top banks, leading to speculations that an interest rate cut may follow. The currency has rebounded by now, though, even gaining against some of its rivals.

Japan’s Inflation Matches Expectations, Yen Falls on Risk Appetite

The Japanese yen fell today amid mild risk appetite on markets. Japan’s inflation came out within expectations but was still far away from the central bank’s 2% target.

US Dollar Mixed on Flood of Economic Data

The US dollar is mixed against a basket of major currencies on Thursday. With a flood of economic data, traders are sifting through the numbers and finding a play in the greenback. The US-China trade negotiations are also lingering in the background, something that could soon play a factor in the dollar in the coming weeks because reports suggest a new trade agreement is on the brink of happening.

Euro Trades Sideways on Mixed Eurozone PMIs and ECB Minutes

The euro today traded with significant moves in both directions within a wide range as the single currency was buffeted by shifting investor sentiment throughout the session. Investors reacted both positively and negatively to various key developments during the day such as the Markit Germany Services PMI causing the EUR/USD pair to whipsaw within a wide range.

Japanese Yen Retreats After Rallying Earlier, Undisturbed by Poor Data

The Japanese yen was among the strongest currencies on the Forex market today, though the currency has retreated by now. Poor domestic macroeconomic data had a limited impact on the currency.

Australian Dollar Gains on Employment, Retreats on Bad News

The Australian dollar rallied earlier during the Thursday’s trading session on the back of robust domestic employment growth but retreated later due to a range of negative fundamentals.

Chinese Yuan Strengthens As Investors, Officials Weigh Economy

The Chinese yuan is strengthening midweek as foreign exchange markets are taking a break from combing through data. But investors and officials are weighing decisions that may or may not boost national growth, including in the rural areas of the world’s second-largest economy.

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