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Great Britain Pound Rallies, Ignores IMF Downgrade

The Great Britain pound gained against its most-traded rivals during the current trading session, rising for the first time after five consecutive sessions of losses versus the Swiss franc and the Japanese yen, even though the International Monetary Fund revised its growth outlook for the United Kingdom.

Canadian Dollar Gains as Wholesale Sales Rise to Record

The Canadian dollar rose today thanks to the surprisingly good wholesale sales reading, which increased chances for monetary tightening from the Bank of Canada.

US Dollar Edges Higher Ahead of Fed Meeting, Despite Disappointing Home Sales

The US dollar edged higher against a basket of major currencies on Monday ahead of the Federal Reserve’s monetary policy meeting that starts tomorrow. The greenback was able to maintain today’s gain even after a report revealed disappointing existing home sales in June.

Euro Loses Ground on Slew of Lackluster Business Activity Data

The euro lost ground against the US dollar on Monday, declining from the highest level since January 2015 in the wake of fresh reports on business activity within the euro zone. The shared currency also dropped against the British pound after being weighed by similar releases in France and Germany, the two biggest economies in the European Union.

Japanese Yen Gains Despite Slower Manufacturing Growth

The Japanese yen gained against its major peers even though the growth of the nation’s manufacturing sector slowed more than expected this month according to the preliminary reading.

Polish Zloty Gains as President Duda Vetos Controversial Reform

The Polish zloty gained today after Polish President Andrzej Duda made a surprise announcement that he is going to veto part of the controversial reform to the judicial system.

Euro Strong During Week of ECB Meeting

The euro was strong during the past trading week due to the statement of the European Central Bank, which market participants considered to be hawkish.

Australian Dollar Sinks as Interest Rate Hike Expectations Slashed

The Australian dollar tumbled today after a central bank official damped expectations of an interest rate hike.

South African Rand Firm Despite Interest Rate Cut

The South African rand rallied today despite yesterday’s surprise interest rate cut from the nation’s central bank.

Euro Rallies Against US Dollar for Second Consecutive Day

The euro today rallied higher against the US dollar extending the gains made in a rally that was triggered by Mario Draghi‘s hawkish comments at a press conference yesterday. The euro was much stronger against a weak US dollar, which was negatively affected by the political turmoil in Washington as Donald Trump‘s administration failed to repeal Obamacare.

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