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Dollar Stabilizes After Wednesday’s Sell-Off

The US dollar stabilized after yesterday’s sell-off caused by mixed macroeconomic reports and minutes of the October-November policy meeting of the Federal Open Market Committee.

Euro Lifted by Positive Data During Thursday’s Trading

The euro rallied today thanks to the very positive macroeconomic reports released during the current trading session. The accounts of the monetary policy meeting released by the European Central Bank had no material impact on the markets, though they contained some interesting information.

Canadian Dollar Declines Against US Dollar on Weak Retail Sales

The Canadian dollar today declined against its US counterpart after the release of weak Canadian retail sales data in the early American session. The Canadian dollar was slightly stronger against the US dollar earlier in today’s session as the USD/CAD currency pair extended yesterday’s decline following the dovish FOMC minutes.

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.

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