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Euro Fails to Profit from Improving Economic Sentiment

The euro fell against most of its major rivals today with the exception of the Great Britain pound. Positive macroeconomic data was unable to support the currency.

Aussie Gains on Positive News About US-China Trade War

The Australian dollar gained today despite domestic macroeconomic data, which was not particularly supportive to the currency. The rally was a result of the positive market sentiment caused by news about good developments in the US-China trade relationships.

Chinese Yuan Strengthens Despite Poor Economic Data

The Chinese yuan is rising on Tuesday, despite the release of data that is reflecting poorly on the national economy. But investors might be focusing more on the US government’s actions on Huawei and the arrest of CFO Meng Wenzhou, which might lead to Beijing retaliating by targeting American executives. Ultimately, the situation could threaten the 90-day trade truce agreed upon by President Donald Trump and President Xi Jinping.

British Pound Hits New Yearly Lows on Brexit News and Political Uncertainty

The British pound today dropped to new yearly lows in the American session after European Union officials insisted that they would not reopen Brexit negotiations. The pound made an about-turn after rallying higher in the early European session on positive Brexit news from Ireland regarding the Irish backstop amid positive UK jobs data.

Canadian Dollar Weakens on Falling Crude Prices, Mixed Data

The Canadian dollar is weakening against its American counterpart on Monday, driven by falling crude prices and mixed economic data. The loonie was looking to extend the momentum following last week’s upbeat jobs report, but it has since joined other commodity currencies in the decline.

British Pound Crashes Against US Dollar on Delay of Crucial Brexit Vote

The Sterling pound today crashed against the US dollar following media reports that the crucial Brexit vote scheduled for tomorrow had been postponed by the Prime Minister. The pound had reacted in a stable fashion earlier in the day following the release of the latest monthly UK GDP estimate, which was in line with expectations.

Canadian Dollar Ends Week Lower on Risk Aversion, Falling Oil Prices

The Canadian dollar ended the week lower, joining other commodity currencies in decline. The main theme of the week was risk aversion on the Forex markets, which made safer currencies the strongest, while hurting riskier currencies related to raw materials and growth.

US Dollar Falls on Weak Jobs Report, Capped by Strong Consumer Sentiment

The US dollar is tumbling at the end of the trading week as a new jobs report was weaker than expected. The greenback’s losses were capped on a new survey that found consumer sentiment remains strong. With the equities markets in shambles, and the Federal Reserve behaving in a dovish manner, it is possible that the buck’s 2018 ascent may crumble heading into 2019.

Canadian Dollar Rallies on Upbeat Canadian Jobs Data Amid Weak NFP Data

The Canadian dollar today rallied higher against its US counterpart following the release of upbeat Canadian jobs data, versus the disappointing US nonfarm payrolls data. The USD/CAD dropped to new weekly lows on the jobs data as well as the higher global crude oil prices, which also favored the loonie.

US Dollar Declines amid Falling Treasury Yields, Disappointing Employment Data

The US dollar declined against its major peers today despite the risk-negative sentiment. Market analysts explained the drop by falling Treasury yields and disappointing employment data.

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