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USD & EUR End Week Soft, AUD & NZD Strongest

The US dollar ended the week rather soft, though got a boost by the weekend. The euro was weak as well. Meanwhile, the Australian and New Zealand dollars were the winners on the Forex market during the past week.

NZ Dollar Resumes Rally After Drop on Thursday

The New Zealand dollar fell on Thursday after four consecutive days of gains but resumed the rally on Friday thanks to the positive report released overnight.

Japanese Yen Trades Higher After Tankan Survey

The Japanese yen gained today following the release of the Tankan survey. The currency has trimmed gains against some of its rivals by now, but maintained the upward momentum against others.

GBP/USD Trades Sideways on Brexit Jitters and US Data

The GBP/USD currency pair today traded in a sideways range during the early European session given the empty UK economic docket. Much of the currency pair’s movement was in reaction to news concerning Brexit negotiations and yesterday’s US macro data.

USD/CAD Struggles to Rally Higher Despite Positive US Data

The USD/CAD currency pair today retraced some of its earlier gains despite the release of positive US advance retail sales data. The currency pair remained in a slight uptrend boosted by a sharp decline in global crude oil prices as tracked by the West Texas Intermediate.

Pound Rallies on UK Retail Sales and Declines on BoE Decision

The British pound today rallied higher against the US dollar after the release of upbeat UK retail sales data for the month of November. The pound declined significantly from its daily highs after the Bank of England kept interest rates at their current levels as was expected.

Euro Maintains Gains Against US Dollar as Manufacturing Activity Grows in December

The euro maintained its gains against the US dollar on Thursday following a series of data releases that revealed strong activity in the manufacturing sector throughout the European Union. However, the shared currency failed to remain strong against the British pound, which was supported by solid growth in UK retail sales last month.

Yuan Gains on Dollar After China Releases Set of Solid Economic Indicators

The Chinese yuan gained in the US dollar today following the release of positive macroeconomic data in China.

Australian Dollar Boosted by Amazing Jobs Data

The Australian dollar gained on its most-traded rivals today after the surprisingly good employment report boosted the currency.

EUR/USD Rallies Higher on US CPI Data Ahead of FOMC Decision

The EUR/USD currency pair today rallied to new highs during the early American session after the release of US CPI data by the Bureau of Labor Statistics. The currency pair had earlier dropped to new daily lows after an increase in US Treasury bond yields, which increased demand for the greenback.

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