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USD/JPY Reached the 112 Target

The US dollar versus Japanese yen managed to use the 110 area as a support and jump to 112, opening new possibilities.

Euro Weakens as US Dollar Recovers During the American Session

The euro today traded in a see-saw pattern against the US dollar marked by extreme rallies and declines to culminate in a sustained drop during the American session. The EUR/USD currency pair today fell as the US dollar rallied and investor sentiment shifted in favor of safe haven assets such as the greenback even as US equity markets edged higher.

British Pound Falls on Rumors of Stalled Bi-Partisan Brexit Talks

The British pound today fell to new weekly lows against the US dollar driven by rumors of stalled talks between the UK government and the opposition party. The GBP/USD currency pair was stuck in range up to the mid-London session when the Labour Party leader stated that there was no agreement on a customs union yet.

Canadian Dollar Continues Rally on Higher Auto Sales

The Canadian dollar is continuing its tear on Tuesday as the loonie was lifted against major currency rivals on strong automobile sales. The dollar’s gains were capped by disappointing manufacturing numbers, which could signal a cooling economy. Investors will now look ahead to inflation and retail receipts this week.

Chinese Yuan Weakens As Stimulus Kicks In

The Chinese yuan is weakening to start the trading week as new economic data suggests that the federal government’s stimulus program may finally be seeping into the economy. On Monday, a couple of new reports and forecasts suggest an improvement for the world’s second-largest economy in recent months after a brutal 2018. With the US-China trade war in its end days, the economy might finally kick into overdrive.

Factors Affecting New Zealand Dollar During Week of 15-19 April 2019

The New Zealand dollar performed well during the past trading week. What factors will be affecting the currency during the current week?

AUD/USD Trying to Make Important Changes

The Australian dollar versus the US dollar got to an area that surprises the bears, which were convinced that they have the market on their side.

Swiss Franc Soft amid Risk Appetite, Rising PPI Doesn’t Help

The Swiss franc was soft today amid mild risk appetite on the Forex market. Market analysts speculated that traders were more willing to risk due to hopes for a Sino-US trade deal in the near future. Decent domestic macroeconomic data did not help the Swissie.

Pound Rises amid Calm Trading, Housing Data Supports

The Great Britain pound rose today in absence of any significant news after the Brexit extension till October 31. Positive domestic macroeconomic data might have helped the currency a bit.

Euro Trades Near 3-Week Highs Driven by Risk Sentiment, Later Drops

The euro today rallied almost to 3-week highs against the US dollar in move that is likely to see it post its first weekly gain following three consecutive weekly drops. The EUR/USD currency pair today rallied higher driven by a shift in investor risk appetite, which saw markets bid up riskier assets such as stocks, while fleeing safe haven assets.

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