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Dollar Gains After US Government Reopens

The US dollar gained against the vast majority of most-traded currencies (with the exception of the Japanese yen) after the news that the US government is going to reopen.

Yen Rises After BoJ Makes No Changes to Monetary Policy

The Japanese yen gained against its main rivals today after the Bank of Japan kept monetary policy without change. Positive macroeconomic data also provide some support, though its impact was subdued.

Pound Declines Against US Dollar on Weak UK Retail Sales Data

The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued.

Euro Consolidates Gains Against US Dollar on Mixed US Data

The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher.

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

US Dollar Rises Against Euro on Higher Expectations That ECB Will Maintain Stimulus

The US dollar took a minor step away from the lowest level in three years against the euro following modest gains on Tuesday amid expectations that monetary stimulus in Europe will be maintained. The greenback also rose against the British pound as it largely ignored a report that revealed weaker manufacturing activity in the New York region.

Pound Declines Against US Dollar on Weak UK Inflation Data

The British pound today declined against the US dollar after the release of weak UK inflation data as tracked by the Consumer Price Index. The pound retraced most of yesterday’s gains as demand for the US dollar increased across the board.

Euro Rallies Higher Despite Lack of Major Economic Data

The euro today rallied higher against the US dollar despite the lack of any major economic releases from the Eurozone, while US markets remained closed. The euro’s rally was largely triggered by the aggressive selling of the US dollar across the board.

Euro Rallies Higher on German Coalition Talks Breakthrough

The euro today rallied higher against the US dollar after news emerged that Angela Merkel was finally on the verge of forming a coalition government. The euro extended yesterday’s rally, which was triggered by the hawkish European Central Bank minutes, as the German political headlines ended months of uncertainty.

Euro Rallies Higher on ECB Minutes and Weak US Data

The euro today rallied to new highs against the US dollar after the European Central Bank released the minutes of its last meeting. The single currency rallied much higher during the early North American session after the release of weak US macro data.

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