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US Dollar Rallies Briefly Boosted by Higher CPI and Retail Sales, Later Retraces Gains

The US dollar rallied briefly against its main forex counterparts as CPI and retail sales data released today beat expectations. Data released by the US Bureau of Labor Statistics indicated that the consumer price index for January was higher than expected by 0.1%.

Australian Dollar Gains, Lifted by Positive Data

The Australian dollar gained today, reaching new multi-year highs against a number of currencies, as economic reports released from Australia during the current trading session were relatively good.

Great Britain Pound Posts Losses as Wage Growth Misses Expectations

The Great Britain pound fell today, dropping for the second consecutive day against the US dollar and the euro, as wage growth disappointed economists. Other parts of the employment report were not bad though.

Euro Goes Down as Economic Data Fails to Meet Expectations

The euro fell against the US dollar today as virtually all economic reports released from the eurozone over the trading session failed to meet market expectations. The shared 19-nation currency also fell against the Swiss franc but fared better versus the Great Britain pound and the Japanese yen.

British Pound Declines as UK Inflation Disappoints Expectations

The British pound fell against the US dollar and the euro on Monday, after fresh data for inflation in the United Kingdom showed that it remained below estimates.

US Dollar Rallies as Yellen Hints at a More Hawkish Fed Outlook

The US dollar rallied against its major competitors today triggered by the hawkish tone taken by the Fed chairperson, Janet Yellen, during her testimony before the Senate Banking Committee. The Fed chair spoke clearly in favor of hiking rates multiple times this year saying that it would be unwise for the Federal Reserve to wait too long before raising rates to accommodate inflation.

Zloty Rebounds as Polish GDP Beats Expectations

Poland’s gross domestic product grew above expectations, probably contributing to the rally of the Polish zloty against the US dollar, though currencies of other Eastern European nations gained as well despite weaker-than-expected economic growth.

Aussie Goes Higher on Positive Data from Australia & Abroad

The Australian dollar rallied today as economic data, both domestic and from abroad, was supportive to the currency, allowing it to rally to multi-year highs against some of its rivals.

US Dollar Rises Against Major Rivals Following Trump and Abe Meeting

The US Dollar climbed against its major peers on Monday, after a meeting between US President Donald Trump and Japan’s Prime Minister Shinzo Abe went smoothly over the weekend. The meeting did not yield any results that relate to the monetary policies of both nations.

British Pound Rebounds Ahead of Expected Positive CPI Data

The British pound traded higher against its main counterparts today as markets expected positive consumer price index data from the UK tomorrow. The British pound strengthened against its main peers despite the lack of any news events in the UK today, notwithstanding the passing of the Article 50 bill in the House of Commons on last week.

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