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Market Sentiment Drags Aussie Dawn Despite Positive Data

The Australian dollar fell today, dropping for the second consecutive day against its most-traded rivals, as the market sentiment remained unfavorable to riskier currencies linked to commodities and growth. Positive domestic macroeconomic data did not help the Australian currency that much.

Pound Consolidates Following Tuesday’s Rally

The Great Britain pound was in a consolidation mode today following yesterday’s rally caused by the surprise announcement of a snap general election in Britain this year. The sterling traded flat for the most part against its major peers, though rose a bit against some of them, including the Japanese yen.

US Dollar Drops Against Euro as Housing Data Disappoints

The US dollar weakened against the euro and the British pound among other major currencies on Tuesday, as geopolitical developments around the globe continued to weigh on the US currency. Economic data in the United States failed to support the greenback today, as a new housing report painted a mixed picture of the real estate market.

Euro Rallies Higher Against US Dollar Despite Looming French Elections

The euro rallied higher against the US dollar today despite the uncertainty surrounding the upcoming French Presidential elections. The euro’s rally entered the second day as the selling pressure on the US dollar keeps rising due to disappointment with the Trump trade. 

Pound Soars After Theresa May Shocks Markets with Election Announcement

The Great Britain pound jumped today after Britain’s Prime Minister Theresa May made a surprise announcement that general elections will happen in June.

Australian Dollar Drops Against US Dollar upon Release of RBA Minutes

The Australian dollar dropped significantly against the US dollar after the release of the minutes of Reserve Bank of Australia, which hinted at a dovish outlook. The RBA minutes indicated that the bank was worried about Australia’s weak labor market as evidenced by high unemployment rates and the increasing risks in the housing market.

EUR/USD Rallies Higher on Soft US Housing and Manufacturing Data

The EUR/USD currency pair rallied higher today given the weaker US dollar as tracked by the US Dollar Index and the stronger euro. The currency pair rallied higher as the US NAHB housing market index and the Empire State manufacturing survey both registered disappointing figures.

Yen Thrives During Week of Risk Aversion

The Japanese yen was among the strongest currencies during the past trading week as rising risk aversion encouraged traders to stick to safer assets and to avoid riskier ones.

Euro Gains Slightly Against the US Dollar on Weak US CPI Data

The Euro today gained slightly against the US dollar after the release of weak US consumer price index report for the month of March. The Euro was stronger than the greenback during today’s session despite the subdued trading activity as most markets were closed due to the Easter holiday season.

US Dollar Edges Lower amid Thin Trading and Disappointing Retail Sales

The US dollar weakened against most of its major peers on Friday, as investors felt disappointed following the release of two economic reports that were expected to reveal stronger data. Trading was thin today as markets in the United States, Canada, the United Kingdom and Australia closed for the Good Friday holiday.

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