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Australian Retail Sales Help Aussie to Gain on Rivals

The Australian dollar rose against its most-traded rivals (with the exception of the Japanese yen) today as Australia’s retail sales beat expectations.

Dollar Sinks as Traders Take Profit

The US dollar dropped against other most-traded currencies today as traders were taking profits at the start of the new month that followed November, which was a very good month for the US currency.

Canadian Dollar Continues to Receive Support from Skyrocketing Oil Prices

The Canadian dollar continued to rally against its major rivals today, demonstrating especially big gains against the weak US dollar, as the OPEC oil production cut propelled oil prices higher.

British Pound Climbs Higher on Possible Single Market Access

The British pound traded at its strongest level against the euro since September 6 on Thursday. The sterling received a positive lift from news of possible budget contributions that the United Kingdom might be willing to offer the European Union to keep its access to the single market.

Australian Dollar Unable to Maintain Upward Momentum

The Australian dollar failed to maintain its rally despite relatively supportive macroeconomic data, both domestic and overseas.

New Zealand Dollar Fails to Rally Despite Data from China

The New Zealand dollar slipped against most major currencies today (though not against the US dollar) as relatively positive data released from China failed to bolster the currency of its trading partner.

Canadian Dollar Surges Against Euro Following OPEC’s Output Cut

The Canadian dollar rose against the euro on Wednesday, as a surge in oil prices supported the currency of the oil exporting nation.

Dollar Sharply Gains as US Data Releases Lift It Higher

The dollar rose higher against other major currencies on Wednesday’s trading session. The US currency’s gains came as a stack of data releases in the United States and news of a highly anticipated agreement to cut oil production lifted investors’ optimism today.

New Zealand Dollar Trims Gains Following Earlier Rally

The New Zealand dollar rose today, though trimmed its gains versus the US dollar and the euro by now.

Polish Zloty Weakens Slightly as Growth Forecast Revised Lower

The Polish zloty fell a bit today after the outlook for this year’s economic growth in Poland was revised lower.

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