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British Pound Crashes Against US Dollar on Delay of Crucial Brexit Vote

The Sterling pound today crashed against the US dollar following media reports that the crucial Brexit vote scheduled for tomorrow had been postponed by the Prime Minister. The pound had reacted in a stable fashion earlier in the day following the release of the latest monthly UK GDP estimate, which was in line with expectations.

Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices

The Canadian dollar ended the week lower, joining other commodity currencies in decline. The main theme of the week was risk aversion on the Forex markets, which made safer currencies the strongest, while hurting riskier currencies related to raw materials and growth.

US Dollar Falls on Weak Jobs Report, Capped by Strong Consumer Sentiment

The US dollar is tumbling at the end of the trading week as a new jobs report was weaker than expected. The greenback’s losses were capped on a new survey that found consumer sentiment remains strong. With the equities markets in shambles, and the Federal Reserve behaving in a dovish manner, it is possible that the buck’s 2018 ascent may crumble heading into 2019.

Canadian Dollar Rallies on Upbeat Canadian Jobs Data Amid Weak NFP Data

The Canadian dollar today rallied higher against its US counterpart following the release of upbeat Canadian jobs data, versus the disappointing US nonfarm payrolls data. The USD/CAD dropped to new weekly lows on the jobs data as well as the higher global crude oil prices, which also favored the loonie.

US Dollar Declines amid Falling Treasury Yields, Disappointing Employment Data

The US dollar declined against its major peers today despite the risk-negative sentiment. Market analysts explained the drop by falling Treasury yields and disappointing employment data.

Canadian Dollar Weakens on Falling Oil Prices, Bearish BOC Warning

The Canadian dollar is tumbling on Thursday as the price of oil plunges and the Bank of Canada (BOC) issues another bearish warning about the national economy. The loonie has performed poorly against the greenback, sliding nearly 1% over the last week and 7% so far this year.

Euro Rallies Against US Dollar on Weak ADP Jobs Data, Later Declines

The euro today rallied higher against the US dollar following the release of the latest US employment change data in the early American session. The euro was also bid higher by the sell-off in global equity markets due to fears relating to the US-China trade truce and the recent arrest of the Huawei CEO in Canada.

Yen Gains as Risk Aversion Allows to Ignore Comments from BoJ Chief

The Japanese yen gained on its most-traded rivals today, propelled higher by risk aversion. The general negative market sentiment allowed the currency to ignore dovish comments from the central bank’s chief.

Australian Dollar Tanks, Falling for Fourth Session

The Australian dollar tanked today, falling for the fourth consecutive trading session. Domestic macroeconomic data was mixed, but it was overshadowed by global news that was negative to the market sentiment.

Japanese Yen Weakens on Mixed Economic Data

The Japanese yen is weakening midweek against its American counterpart on mixed economic data. The yen, which has lost against the greenback so far this year, is finding direction on solid services data and a reduction in business spending. This comes as many experts suggest that the fourth-quarter may actually rebound from the disappointing third-quarter.

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