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British Pound Weakens Against US Dollar on Brexit Uncertainties

The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank.

EUR/USD Prints Fresh Highs on Positive Eurozone PMI Data

The EUR/USD currency pair today hit new highs during the late European session and into the North American session after the release of positive Markit Flash Eurozone PMI data. The pair’s rally was also attributed to the weaker US dollar, which was under intense selling pressure after Donald Trump threatened a government shutdown during a rally in Arizona.

New Zealand Dollar Lower on Economic Forecast

The New Zealand dollar fell today after the country’s government released its budget projections for the year.

USD/JPY Lower After Trump’s Comments, Japan’s Manufacturing PMI

US President Donald Trump riled markets by his comments yet again. The resulting bid for haven allowed the Japanese yen to gain on the US dollar and some other currencies, like the Great Britain pound. Japan’s macroeconomic data helped the Japanese currency as well.

Canadian Dollar Touches Highest Level in Three Weeks on Strong Retail Sales

The Canadian dollar rose against its US counterpart on Tuesday to touch the highest level in three weeks. The loonie also had broad gains against other major peers as Canadian core retail sales posted a strong increase in June, according to fresh data released today.

GBP/USD Tests New Lows Despite Positive UK Public Finances Data

The GBP/USD currency pair today hit new lows despite the release of positive public sector finances data by the Office for National Statistics. The pair’s decline was further precipitated by the higher buying pressure around the US dollar even as political tensions in Washington DC abate.

Swiss Franc Demonstrates Uninspiring Perfomance

The Swiss franc’s performance was not impressive today despite the widening trade balance surplus. The Swissie fell against the US dollar and was little changed against most other rivals.

EUR/USD Down After Economic Sentiment Disappoints

The euro fell against the US dollar today after the economic sentiment indicators for Germany and the whole eurozone disappointed. The currency fared better against most other rivals, even gaining on the vulnerable Great Britain pound.

US Dollar Edges Lower as Political Tensions Reduce Appetite for Risk

The US dollar moved lower against the euro on Monday amidst light trading, as traders’ appetite for the greenback weakened due to growing political tensions in the United States. The US currency also dropped against Canada’s dollar, despite lower Canadian wholesale sales than expected in June.

Great Britain Pound Mixed as Brexit Continues to Weigh

The Great Britain pound was mixed today as uncertainty associated with the Brexit continued to weigh on the currency.

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