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Euro Rallies on Weak US ADP Employment Data and Positive Sentiment

The euro today rallied higher against the US dollar following the release of disappointing employment data from the USA in the early American session. The EUR/USD currency pair was trading sideways in the mid-European session following a brief decline during the Asian session largely driven by market sentiment.

Canadian Dollar Among Weakest Currencies Despite Solid Data

The Canadian dollar was among the weakest currencies today despite solid macroeconomic data and gains of crude oil, Canada’s major export commodity. The possible reason for that were resurfacing concerns about the Turkish situation.

Euro Rallies Against US Dollar Despite Positive ADP Jobs Report

The euro today rallied slightly against the US dollar recovering most of its initial losses against the greenback in the early to mid-European sessions. The EUR/USD currency pair rallied higher in the early American session despite the release of the positive US ADP employment report.

British Pound Rallies on Carney Speech, Later Declines on Brexit News

The British pound today rallied higher against the US dollar in the early European session following hawkish comments by the Bank of England Governor Mark Carney. The pound later erased all its gains in the American session following a news report that the German government was unconvinced with the UK’s latest post-Brexit Customs plan.

Canadian Dollar Soft, Recovers vs. US Dollar

The Canadian dollar fell against other most-traded currencies today, though managed to recover versus the US dollar by now. The currency was under pressure from a range of negative factors, including falling prices for crude oil, trade tensions with the United States, and underwhelming domestic macroeconomic data.

Canadian Dollar Rallies Higher on BoC Interest Rate Decision

The Canadian dollar today rallied against its US counterpart driving the USD/CAD currency pair to new lows after the Bank of Canada announced its interest rate decision. The loonie’s rally was further boosted by disappointing releases from the US docket such as the weak quarterly GDP data.

Canadian Dollar Stable After Domestic Economic Releases

The Canadian dollar was stable today following economic releases over the current trading session and ahead of important economic reports due for release tomorrow.

EUR/USD Drops on Renewed US Dollar Demand Ahead of FOMC Decision

The euro today dropped to new lows against the US dollar following a resurgent demand for the greenback ahead of the FOMC interest rate decision. The EUR/USD currency pair broke down from its initial sideways trading range in the early American session as the greenback rallied higher.

EUR/USD Trades in a Tight Range on Both Eurozone and US Data

The EUR/USD currency pair today traded in a tight range from the early European session following the release of mixed Eurozone data. The currency pair remained stable during the American session following several US releases such as the ADP employment change data.

Canadian Dollar Fails to Find Support from Positive Fundamentals

The Canadian dollar dropped against its most-traded rivals today. That was puzzling considering that the employment report released during the trading session was good and crude oil prices rose.

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