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Euro Trades Sideways Despite In-Line Eurozone Inflation Data

The euro today traded in a tight range against the US dollar amid a market that was largely stable and lacked volatility. The release of upbeat data from the US docket in the early American session saw the EUR/USD currency pair come under intense selling pressure.

Sterling Range Bound on Mixed UK Data Before Leadership Vote

The Sterling pound today traded in a range as investors recovered from yesterday’s crazy swings following the historic Brexit vote. The GBP/USD currency pair was largely immune to most of the data released from the UK docket as investors remained cautious ahead of a Parliamentary no-confidence vote against Theresa May.

Canadian Dollar Rises on Soft US Inflation, Crude Supply Contraction

The Canadian dollar is rising midweek after the US government reported soft inflation levels. The loonie is also getting a lift on market expectations that US crude oil inventories will record a contraction. This comes as market sentiment pertaining to the short-term health of the currency is split.

Pound Jumps After May Suffers Resounding Defeat in Brexit Vote

As was expected UK Prime Minister Theresa May suffered a defeat in the crucial Brexit vote. Yet apparently, traders used “sell the rumor, buy the fact” approach for the Great Britain pound as the currency jumped on the news.

Euro Declines on 5-Year Low German GDP Data and Dovish Draghi

The euro today dropped significantly against the US dollar from the early European session after attempting to rally higher during the Asian session. The single currency’s decline was initially triggered by the US dollar’s rebound before the weak German GDP data caused it to crash to new weekly lows.

US Dollar Weakens As Wholesale Inflation Falls

The US dollar is trading lower against its major currency rivals on Tuesday after new US government data found that wholesale inflation declined at the end of 2018, recording its biggest drop in five months. The greenback is also tumbling on a variety of comments from the experts warning about the government shutdown’s impact on the US economy.

Economic Data in China & New Zealand Poor, NZ Dollar Declines

The New Zealand dollar fell today due to disappointing macroeconomic reports in China. New Zealand’s own economic data released overnight was not particularly good as well, though it improved compared to the previous reporting periods.

Euro Mixed After Macroeconomic Data Disappoints

The euro was mixed today following the release of lackluster macroeconomic data in the eurozone. The currency gained on the US dollar, which remained extremely soft, but was flat versus the Great Britain pound and fell against safe currencies like the Japanese yen and the Swiss franc.

Chinese Yuan Sideways on Worse-Than-Expected Trade Data

The Chinese yuan is trading sideways to start the trading week as new worse-than-expected trade data is showing bad signs for the world’s second-largest economy. Last month’s trade woes are leaving investors with the belief that these numbers will only worsen in the coming months.

Japanese Yen Rallies on Poor Data from China, Trims Gains Later

The Japanese yen rallied against its most-traded rivals today on bad macroeconomic releases in China and uncertainty about the situation in Great Britain. By now, the currency has trimmed its gains, losing them against some of the peers outright.

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