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British Pound Rallies Higher Against US Dollar on PM May Speech

The British pound today rallied higher against the US dollar after a speech by British Prime Minister, Theresa May, where she called for collaboration between the EU and the UK on Brexit negotiations. PM May made her comments at an informal meeting with leaders of the European Council even as she remarked that the current Brexit talks had been challenging.

South Africa Crashes on Ramaphosa Speculation

While the political turmoil in Spain took the spotlight in the news, other countries around the world were not immune to their share of problems in politics. South Africa was one of such countries, and that sent the South African Rand crashing down against the US dollar.

Canadian Dollar Falls Sharply After Disappointing Macroeconomic Reports

The Canadian dollar fell sharply today after the release of macroeconomic reports, which turned out to be worse than analysts had anticipated. The drop of crude oil prices were also unfavorable to the currency.

Japanese Yen Mixed During Thursday’s Trading

The Japanese yen rallied against such most-traded rivals as the US dollar and the Great Britain pound during the current trading session. At the same time, it was unable to gain on the European currencies like the euro and Swiss franc, which is surprising considering the political turmoil in Europe, specifically in Spain.

NZD/USD Tumbles Almost 2% as New Zealand Coalition Government Forms

The New Zealand dollar tumbled almost 2% against its US peer and more than 2% against such currencies as the euro and the Japanese yen. The reason was the slump was the news that the leftist Labour Party joined with the populist right-wing New Zealand First party to form a coalition government.

British Pound Plummets for Second Consecutive Day on Weak Retail Sales

The British pound fell against most of its peers for the second day in a row on Thursday, following the release of lower than expected retail sales data in the United Kingdom. The weak consumer demand continued a trend of disappointing economic releases over the past few days, as inflation rose while wage growth lagged behind.

EUR/USD Rallies as Spanish Government Tightens Grip on Catalonia

The EUR/USD currency pair rallied to new highs today despite the announcement by the Spanish government that it would invoke Article 155 suspending Catalonia’s autonomy. The currency pair rallied higher in the early North American session ignoring the release of positive US unemployment data by the Department of Labor.

AUD Gains on USD, Falls vs. Other Major Despite Supportive Data

The Australian dollar rallied against its US counterpart but fell against other most-traded rivals during the current trading session. That is despite the strong domestic employment data and decent macroeconomic reports released from China, Australia’s biggest trading partner.

Australian Dollar Mixed After Confusing Economic Data

The Australian dollar was mixed today following confusing macroeconomic data. The currency gained on such rivals as the Japanese yen and the Swiss franc, but fell versus the euro and was flat against the US dollar.

Euro Recovers Against US Dollar on Weak Housing Data

The euro today recovered the ground it had lost against the US dollar during the early European session after the release of disappointing US housing data. The euro was largely weaker against the US dollar for most of the European session despite an early morning speech by Mario Draghi, the President of the European Central Bank.

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