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Canadian Dollar Rallies with Crude Oil, Not Bothered by Mixed Data

The Canadian dollar gained on most of its major peers on Tuesday. While Canada’s economic data was mixed, the silver lining for the currency was the rally of crude oil prices.

Euro Slips as ZEW Economic Sentiment Declines Sharply

The euro fell against most its major rivals (though not against the weak Great Britain pound) on Tuesday as the ZEW Economic Sentiment for Germany was rather disappointing.

GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data

The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar demand.

Euro Rallies Against US Dollar Despite Positive US Retail Sales Data

The euro today rallied higher against the US dollar despite the release of positive US advance retail sales data in the early American session. The single currency was on an uptrend against the greenback from the early European session following a resurgence in the selling pressure on the greenback.

US Dollar Ends Week Stronger vs. Safe Currencies, Weaker vs. Commodity Ones

The US dollar ended the week rather soft, gaining on safe currencies, but falling against other peers, commodity currencies in particular.

EUR/USD Declines Despite Positive Trade Balance Data, Later Rallies Briefly

The EUR/USD currency pair today dropped significantly despite the release of positive Eurozone trade balance data in the early European session. The currency pair reversed its decline after the release of US consumer sentiment data in the early American session, but could not rally back to its session high.

New Zealand Manufacturing PMI Slips, NZ Dollar Pays Little Attention

New Zealand manufacturing PMI fell last month, as was shown by the report released by Business NZ today, though that had limited impact on the performance of the New Zealand dollar. The currency rallied intraday but has retreated by now.

Australian Dollar Gains as China’s Imports from USA Increase

The Australian dollar rallied today after the release of China’s trade data. The currency gained even as the nation’s central bank signaled that it is not going to raise interest rates in the near future.

Euro Declines Against US Dollar on ECB Minutes and US Jobless Data

The euro today dropped significantly against the US dollar after the European Central Bank released the minutes of its latest monetary policy meeting. The single currency’s decline started in the Asian session due to the imminent risk of an escalation in Syria involving the USA and Russia.

Japanese Yen Drops Despite Kuroda Expressing Optimism

The Japanese yen dropped against its major rivals today despite optimistic comments from Bank of Japan Governor Haruhiko Kuroda. The likely reason for that was the improving market sentiment.

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