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Euro Declines Despite Solid German Data as Traders Remain Cautious

The euro fell against the US dollar and the British pound on Tuesday, despite positive economic data in Germany, Europe’s biggest economy. Demand for the shared currency was faint as caution spread between traders as they worried of corrective movements that may follow a rally that lasted for months.

EUR/USD Drops to New Lows Despite Positive Eurozone Data

The EUR/USD currency pair today declined to new lows below the crucial 1.2000 psychological level and was on a track to book the second consecutive losing session this year. The currency pair’s decline was largely triggered by the goodish recovery in the US dollar as investors ignored Friday’s disappointing US jobs data.

Australian Dollar Falls as Trade Balance Logs Unexpected Deficit

The Australian dollar fell against its major counterparts (with the exception of the Japanese yen) as the nation’s trade balance missed market expectations.

Euro Declines Against US Dollar on Weak Eurozone CPI

The euro was on a downtrend against the US dollar for most of the European session having been in a consolidation phase during the Asian session. The single currency’s decline was largely precipitated by the modest recovery in the US dollar demand.

Yen Vulnerable as Traders Don’t Shun Risk

The Japanese yen together with the Swiss franc were the weakest currencies at the start of the year due to traders’ risk appetite. The last trading day of the week was not different as the yen slid against its most-traded rivals, reaching a new multi-year low versus the euro.

Canadian Dollar Gets Support from Economic Data & Crude Oil

The Canadian dollar rallied against its most-traded peers today (with the exception of the rather strong euro) as Statistics Canada released a very positive macroeconomic report. The rally of crude oil also contributed the currency’s gains.

British Pound Gains Against US Dollar on Positive UK and US Data

The British pound today gained ground against the US dollar amid a raft of positive UK macro releases such as the Markit/CIPS UK Services PMI. Positive releases from the US docket in the early American session could not derail the pound’s rally against the US dollar.

Accelerating Expansion of Japanese Manufacturing Fails to Boost Yen

The Japanese yen fell against its most-traded peers during the current trading session despite the solid manufacturing report, which showed that the expansion of the sector was the fastest in several years.

Australian Dollar Mixed Despite Support from Economic Data

The Australian dollar was mixed on Thursday despite very positive macroeconomic data, both from Australia and abroad. News from China was especially good as the services sector was expanding with the fastest pace in several years.

EUR/USD Makes Subdued Recovery on Positive Eurozone PMIs

The EUR/USD currency pair today made a subdued recovery during the early European session after the release of positive Eurozone PMI data. The final December PMIs released by Markit Economics were the main trigger behind the currency pair’s soft rally.

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