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Pound Retreats from Daily Highs on Weak UK Labor Market Report

The British pound today retreated from daily highs set against the US dollar earlier in the European session after the release of the UK labour market report for December. The pound’s decline against the US dollar was triggered by the jobless claims count, which posted a surprising increase in November.

Rand Gains on Dollar Despite Slowing South African Inflation

The South African rand gained on the US dollar today even though nation’s inflation slowed last month more than was expected by analysts.

Australian Dollar Fails to Maintain Rally, Losing Gains

The Australian dollar attempted to extend its rally today, but gains were limited, and the Aussie has lost them by now. Consequently, the currency was trading either flat or lower against its major rivals.

NZ Dollar Extends Rally Fueled by RBNZ Governor Appointment

The New Zealand dollar extended yesterday’s rally today, rising for the third day in a row, as investors welcomed the news about the appointment of a new governor of the Reserve Bank of New Zealand.

Australian Dollar Continues Move up, Shrugging off Negative Data

The Australian dollar managed to maintain yesterday’s gains and even accelerated its move to the upside today even though macroeconomic reports released in Australia during the current trading session were rather disappointing.

Yuan Stable Despite Consumer Inflation Missing Expectations

The Chinese yuan was stable today even though consumer inflation data released over the weekend missed expectations.

Pound Continues to Move Lower Ahead of Busy Week

The Great Britain pound continued to drop today, extending the Friday’s decline, as traders remained cautious ahead of the busy week.

US Dollar Strong During Week, Ends Trading Soft Due to NFP

The US dollar was strong during the past trading week thanks to the outlook for the US tax reform. The currency lost its upward momentum on Friday, though, following the release of nonfarm payrolls.

British Pound Hits New Lows on Brexit Deal and Positive NFP Data

The British pound today hit news lows despite news of a Brexit deal between the EU and the UK allowing for trade talks to begin. The pound headed much lower after the release of positive US non-farm payrolls data in the early American session.

NZ Dollar Gains Even as Manufacturing Sales Slow

The New Zealand dollar gained today despite slowing growth of manufacturing sales.

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