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Euro Declines Despite Positive German GDP and Eurozone CPI

The euro today declined against the US dollar despite the release of positive German Q4 GDP report, and also ignored the release of positive Eurozone inflation data. The euro extended its decline from the Asian session into the European session following the greenback’s recovery, which started during yesterday’s American session.

Japanese Yen Third Strongest Currency on Friday

The Japanese yen was generally strong today, rising against the euro and various other most-traded peers, but was unable to beat the US dollar and the Great Britain pound.

Positive Retail Sales Data Doesn’t Help NZD Overcome Weakness

Commodity currencies were generally weak today. That translated to the New Zealand dollar even though domestic macroeconomic data was very good.

Euro Rallies Higher Against US Dollar on ECB Minutes

The euro today rallied against the US dollar after the European Central Bank released the minutes of its January meeting in the mid-European session. The single currency had declined against the greenback starting in the American session yesterday after the release of the FOMC minutes.

Pound Declines on UK Jobs Report, Recovers on BoE Speeches

The British pound was on a downtrend against the US dollar from the Asian session, but its decline accelerated after the release of the UK labour market report. The pound recovered some of its losses after the hawkish tone outlined by Bank of England policymakers before the UK Parliament’s Treasury Committee.

Loonie Extends Decline After Underwhelming Wholesale Sales

The Canadian dollar attempted to rise in the Tuesday session but failed and backed off. The currency extended its decline following the release of underwhelming wholesale sales data.

US Dollar Extends Rebound Ahead of FOMC Minutes

The US dollar extended its bounce after last week’s sell-off, rising today against most of its major rivals, though not the Great Britain pound.

Euro Trades Lower Ignoring Mixed German ZEW Survey Data

The euro today was on a downtrend against the US dollar ignoring the release of mixed German ZEW survey data early in the European session. The single currency also did not respond to the release of positive German producer price index earlier in today’s session and continued to lose ground against the US dollar.

NZ Dollar Gains on Rivals, Fails to Hold Ground vs. US Dollar

The New Zealand dollar behaved similarly to its Australian counterpart, rising at the start of today’s session, slumping afterwards, but recovering later. As a result, the kiwi maintained gains versus some of its rivals, though was unable to hold ground against the US dollar.

RBA Keeps Keeps Neutral Stance, Aussie Retreats from Daily High

The Australian dollar was rising at the start of the current trading session and continued to move higher for a short while after the release of policy minutes by the Reserve Bank of Australia. The currency slumped shortly afterwards, only to resume its rally later. Yet by now, the Aussie has come off the day’s highs, trimming its gains versus some currencies and losing them outright against the US dollar.

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