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Euro Falls Against US Dollar on Dovish ECB Rate Decision, Later Recovers

The euro today fell to new 2-day lows against the US dollar following the dovish interest rate decision by the European Central Bank and the Governor’s comments. The EUR/USD currency pairs decline was further accelerated by the mixed US inflation data released shortly after the ECB decision to cement the pair’s losses.

Norwegian Krone Jumps After Inflation Data

The Norwegian krone climbed today, reaching the highest level for the year against the euro. The reason for the sharp rise was the better-than-expected inflation print released during the trading session.

Australian Dollar Firm, Boosted by Domestic Fundamentals

The Australian dollar demonstrated good performance today as news from Australia was good, providing support to the currency. Judging by the gains of commodity currencies and lack of demand for safer ones, the market sentiment was relatively optimistic, which is surprising considering that recent news from around the world gave no reason for optimism.

Yen Soft Despite Cautious Market Sentiment, Mixed Data Doesn’t Help

The Japanese yen was soft today, failing to profit from its role as a safe haven, even as investors were nervous after the International Monetary Fund downgraded the global growth outlook and the United States showed willingness to enter a trade war with the European Union. Mixed domestic macroeconomic data did not help the currency.

EUR/CAD Caught Between Two Levels

The advance of the euro vs. Canadian dollar is postponed by the indecision that came to be after the pair fell between the lines of two significant levels.

Pound Trades in Wide Range Driven by Brexit Headlines

The Sterling pound today traded in a wide range against the US dollar driven by multiple Brexit headlines as the deadline for Britain’s exit from the EU looms. The GBP/USD currency pair today traded in an almost 100-pip range as investors reacted to different headlines most of which indicated that a Brexit deal was not close to being done.

Canadian Dollar Weakens on IMF Forecast, Crude Oil

The Canadian dollar is weakening on Tuesday after the International Monetary Fund (IMF) published a bearish report on the Canadian economy. The loonie endured additional pressure on tumbling energy prices, which is never good news for a country whose main export is crude oil.

Norwegian Krone Rallies Despite Slowing Economic Growth

The Norwegian krone rallied against the US dollar today even as Norway’s economic growth slowed.

Australian Dollar Gets Boost from Housing Data & Crude Oil

The Australian dollar rose against its most-traded rivals today, supported by domestic macroeconomic data and other positive fundamentals. There were negative factors as well, but positive ones had ultimately bigger impact.

Euro Rallies to New Monthly Highs Amid Stable Market Environment

The euro today rallied to new April highs against the US dollar driven largely by positive investor sentiment amid a calm market environment. The EUR/USD currency pair today rallied higher boosted by the selling pressure around the greenback and the shrinking yield spread between US and German bonds.

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