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Canadian Dollar Climbs Against British Pound on Improved Inflation in July

The Canadian dollar surged against the British pound and the US dollar on Friday in the wake of a fresh reading for Canadian inflation, which showed that it had improved in July from a year earlier. The Canadian currency also rose against the US dollar and other major peers as investors became more optimistic that the Bank of Canada may increase its interest rates soon.



US Dollar Weakens Against Euro Despite Positive Consumer Confidence Data

The US dollar today weakened against its main trading partner, the euro, despite positive consumer confidence data as tracked by the University of Michigan. The US dollar was depressed against the euro largely due to the uncertainty emanating from the White House as due to President Donald Trump‘s recent comments.



US Dollar Gives up Early Gains as Political Woes Remain in Play

The US dollar rose against the euro and other major currencies on Thursday, even after giving up some of the gains it made earlier today. A smaller drop than expected in manufacturing activity in Philadelphia and a low number of jobless claims supported the greenback. However, rippling effects from the Federal Reserve’s meeting minutes and political developments in the United States limited the greenback’s gains today.



Euro Declines Against US Dollar on Dovish ECB Minutes

The euro today declined against the US dollar after the release of the European Central Bank‘s minutes of their monetary policy meeting, which outlined a dovish stance. The US dollar was stronger against the euro due to the high buying interest in the greenback as tracked by the US Dollar Index, which hit new highs in today’s session.



British Pound Declines Against US Dollar Despite Positive Jobs Data

The British pound today rallied higher briefly against the US dollar after the release of positive UK labour market report, but later declined retracing most of its gains. The weak US housing data barely had an impact on the GBP/USD currency pair, which was weighed down by the Bank of England‘s dovish stand.



US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales

The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations.



British Pound Declines as UK Inflation Data Misses Estimates

The British pound declined against most of its major peers on Tuesday following the release of two reports that revealed that inflation in the United Kingdom remained dormant in July. The British currency weakened further against the greenback as strong US retail sales numbers surprised investors.



EUR/USD Hits New Daily Lows Despite Strong German GDP Data

The EUR/USD currency pair today hit new session lows despite the release of strong German GDP data by the Federal Statistical Office. The currency pair was under intense selling pressure for the second consecutive session given the strong US dollar.



US Dollar Weakens Against Euro as Inflation Data Misses Estimates

The US dollar declined against the euro on Friday to touch its weakest level in 3 days, as fresh data for inflation rate in the United States disappointed investors. Weak economic releases in recent weeks lowered expectations that the Federal Reserve might raise interest rates before the end of the year, which weighed on the greenback.



USD/CAD Tests New Lows After Release of Weak US CPI Data

The USD/CAD currency pair today tested new lows after the release of weak CPI data by the US Bureau of Labor Statistics. The weak crude oil prices in the global market could not allow the currency pair to drop much lower as the Canadian dollar is closely linked to global oil prices.



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