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EUR/USD Declines as American Markets Remain Closed

The EUR/USD currency pair today declined for the second consecutive session in a global market characterized by low volatility given that US markets remain closed as the country celebrated  Presidents’ Day. The US markets were not the only ones closed, as Chinese markets also remain closed due to the ongoing Chinese New Year celebrations.

Australian Dollar Edges Higher in Subdued Monday’s Trade

The Australian dollar gained against its most-traded peers during subdued trading in Monday’s trading session.

Japanese Yen Falls vs. Rivals Even as Trade Surplus Widens

The Japanese yen fell against virtually all of its most-traded peers today even as Japan’s trade surplus widened last month.

Pound Declines on Weak UK Retail Sales and US Housing Data

The British pound today declined against the US dollar following the release of weak UK retail sales data for January. The pound further weakened against the greenback after the release of better than expected US housing data in the early American session.

Australian Dollar Gains Despite RBA Governor Keeping Neutral Stance

The Australian dollar gained on its most-traded peers today even after Philip Lowe, Reserve Bank of Australia Governor, signaled that he sees no reason for hiking interest rates in the near future.

NZ Dollar Halts Rally After Manufacturing Data, Resumes Rise Later

The New Zealand dollar started a rally by the end of the previous trading session and extended it today. While the kiwi had halted the advance after the release of the manufacturing data, the currency has resumed its upward movement afterwards.

EUR/USD Trades Sideways on ECB Speeches and Mixed US Data

The EUR/USD currency pair today traded sideways by rallying higher in the late Asian session and early European session before heading lower. The currency pair declined despite speeches from European Central Bank members, but later rallied higher on mixed US data.

US Dollar Rallies Briefly Against Peers on Upbeat US Inflation Data

The US dollar today rallied briefly against a basket of its peers as tracked by the US Dollar Index, after the release of strong US inflation data. The greenback’s rally was negatively affected by the weak retail sales data for December released early in the American session.

Euro Declines Against US Dollar on Mixed Eurozone GDP Data

The euro today declined against the US dollar despite the release of mostly positive GDP data from across the euro area. The single currency had rallied higher during the Asian session, but  retraced all its gains starting in the late Asian session up to the early European session.

Japanese Yen Retains Strength Despite Slowing Economic Growth

The Japanese yen retained its strength against the vast majority of its most-traded peers even though macroeconomic data released over the Wednesday’s session in Japan was not that good.

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