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GBP/USD Tumbles to New Lows on UK GDP Data

The GBP/USD currency pair lost all its early gains and tumbled to new session lows after the release of UK GDP growth estimates, which were in line with expectations. The currency pair was on track to retrace some of the gains made during the previous session as the pair had rallied on weak US data.

NZ Dollar Recovers After Disappointing Retail Sales

The New Zealand dollar rose during Thursday’s quiet trading. The currency weakened following the release of disappointing retail sales data, but quickly recovered.

US Dollar Loses Ground Against Euro as Orders of Durable Goods Miss Estimates

The US dollar retreated against the euro on Wednesday to its lowest level in two days following a data release that revealed lower than expected demand for durable goods in October. Investors are now anticipating the minutes of the Federal Open Market Committee’s latest monetary policy meeting, which is due to be published later today.

British Pound Rallies Against US Dollar on Weak US Data

The British pound today rallied to new highs against the US dollar after the release of disappointing US durable goods orders. The pound had hit daily lows after the Chancellor of the Exchequer, Philip Hammond released the government’s Autumn Budget 2017.

Australian Dollar Soft Despite Positive Reports

The Australian dollar fell today despite positive macroeconomic data. Minutes of a monetary policy meeting released by the Reserve Bank of Australia yesterday were somewhat dovish, adding to the pressure on the currency.

GBP/USD Retraces Earlier Gains as the US Dollar Index Surges

The GBP/USD currency pair today retraced some of its earlier gains made during the European session in the North American session as the US Dollar Index rallied higher. The currency pair had rallied higher during the mid-European session after the release of UK CBI trends data, which beat expectations.

US Dollar Moves Marginally Higher as Home Sales Improve More Than Expected in October

The US dollar moved marginally higher against the euro on Tuesday following the release of better than expected data for the housing market in the United States. However, investors’ anticipation for a speech that Federal Reserve Chairwoman Janet Yellen is scheduled to give tomorrow has kept the greenback’s gains dormant today.

Pound Rallies on Hopes for Progress in Brexit Talks

The Great Britain pound rose today amid hopes about progress in the Brexit talks.

Euro Bounces After Decline Caused by Failed German Coalition Talks

The euro fell intraday after the news that German Chancellor Angela Merkel failed to form a coalition government. Yet the currency has bounced against most of its rivals by now, trading near the opening level.

Dollar Soft amid Continuing Uncertainty About US Tax Reform

The US dollar was soft during the past trading week, falling against its major rivals, as markets continued to watch the developments in the US tax reform story.

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