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Dollar Soft Ahead of Inflation Data Released on Wednesday

The US dollar retreated versus its most-traded peers today as market participants were waiting for Wednesday’s important economic reports from the United States, including inflation data. Information about growth of consumer prices can affect the pace of monetary tightening by the Federal Reserve.

Japanese Yen Logs Sharp Gains on Tuesday

The Japanese yen logged sharp gains against basically all of most-traded currencies during the Tuesday’s trading session.

GBP/USD Rallies Higher on UK Inflation Data, Later Declines

The GBP/USD currency pair today rallied higher after the release of UK inflation data for January as measured by the consumer price index. The currency pair later declined as the US dollar gained strength across the board, but did not give back all its gains.

Rand Gains on News About Possible End to President Zuma’s Rule

The South African rand gained on the US dollar today after news broke out that President Jacob Zuma, who was in power since 2009, may lose his post.

Australian Dollar Steady vs. US Dollar, Tumbles vs. Euro & Yen

The Australian dollar held steady against its US counterpart but dropped against the euro and crashed versus the Japanese yen today. Today’s macroeconomic data in Australia was positive, but comments from central bank’s officials were not that good for the currency.

Canadian Dollar Hit by Biggest Decline in Employment Since 2009

The Canadian dollar dropped today after Canada’s employment ended the longest streak of gains since 2002, contracting last month. The loonie managed to bounce against European majors like the euro and the Swiss franc but kept losses versus such currencies as the US dollar and the Japanese yen.

GBP/USD Hits New 3-Week Lows on Mixed UK Data

The GBP/USD currency pair today dropped to new 3-week lows following the release of weak UK industrial production and trade balance data. The pair’s decline was further accelerated by a rebound in the US dollar demand supported by the sell-off across most European equities.

Aussie Falls After RBA Statement & Home Loans Data, Bounces Later

The Australian currency behaved basically similarly to its New Zealand counterpart today, falling during the Asian session after the release of macroeconomic data from China but rebounding by now. The currency also fell following the release of the Monetary Policy Statement by the Reserve Bank of Australia and the home loans report.

NZ Dollar Bounce After Decline Caused by China’s Data

The New Zealand dollar fell today following the release of reports that showed slower growth of both consumer and producer prices in China, New Zealand’s biggest trading partner. Yet the currency managed to bounce and is now trading either at or above the opening levels versus its most-traded rivals.

USD/MXN Rises a Little After Mexican Central Bank Raises Key Rate

The Mexican peso slipped a bit against the US dollar during the American trading session after Mexico’s central bank raised its overnight interbank funding rate.

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