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USD/TRY Tests 7.43 Despite Turkey Reporting GDP Growth amid Pandemic

The Turkish lira extended its weakness against the US dollar in the middle of the trading week. Despite being one of the few economies to avoid a contraction during the coronavirus pandemic in 2020, the lira has been witnessing a selloff in foreign exchange markets. Inflation continues to be a significant worry for investors.

Bulls Targeting 1.0826 on AUD/NZD?

The Australian versus the New Zealand dollar currency pair seems to have been taken by from the bearish hands. Will the bulls be able to maintain the momentum?

Euro Rallies Despite Weak German Retail Sales, Buoyed by Dovish Fed Speeches

The euro initially fell against the dollar on weak investor sentiment combined with disappointing retail data from Germany but later recovered and rallied higher. The EUR/USD currency pair rallied higher despite dovish comments from European Central Bank policymakers who dislike the rising euro area bond yields.

Canadian Dollar Struggles for Direction amid GDP Data, Crude Prices

The Canadian dollar is struggling for direction on Tuesday as investors comb through the latest economic data and weigh near-term crude oil prices. The loonie has weakened in the last week amid renewed strength in the greenback, but the Canadian dollar is still up 0.72% against its US peer.

Australian Dollar Trades Higher After RBA Stands Pat

The Reserve Bank of Australia made a monetary policy announcement today. While the Australian dollar rose a bit after the central bank announced its decision, the currency continued to move sideways below the opening level afterward. Yet later, the Aussie made a push to the upside, which helped the Australian currency to climb above the opening level against all other most-traded currencies.

Bulls to Attempt Recovery on GBP/USD After 1.4239 Peak?

The Great Britain pound versus the US dollar currency pair seems to be under bearish pressure but could the bulls thrive in the attempt to rotate the price?

Euro Falls Despite Upbeat Euro Area Inflation Reports and Flash PMIs

The euro fell against the dollar despite a slate of positive inflation reports from Germany and Italy as investors sold the single currency. The EUR/USD currency pair fell to its daily lows in the early European session and traded sideways for the rest of the day.

Chinese Yuan Rises Slightly amid Disappointing Manufacturing PMI

The Chinese yuan is looking to kick off a new rally against its US peer following a quiet February that saw the USD/CNY currency pair flatline. But disappointing economic data could limit the yuan’s rise as financial markets start March. Is the Chinese economic recovery slowing down, or is this a blip on the radar?

Bears Taking Control from 0.8007 on AUD/USD

The Australian versus the US dollar currency pair seems to be under firm bearish pressure. From where can the bulls fight back?

USD/INR Rises Despite India’s Economy Exiting a Technical Recession

The Indian rupee joined the selloff in the broader emerging market currencies, testing 74.00 against its US peer at the end of the trading week. Although India has exited a technical recession, the rupee has slumped in the first two months of the calendar year, with investors continuing to pour into conventional safe-haven assets, such as the greenback and the Swiss franc.

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