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Pound Falls Against Dollar As UK Lockdown Seen Lasting Up to Easter

The Sterling pound today fell against the dollar after initially inching higher when it became clear that the UK coronavirus lockdown could stretch up to Easter. The GBP/USD currency pair fell as market sentiment towards the pair shifted to bearish, causing a major selloff despite the relatively weak dollar.

Euro Rallies Against Dollar as Biden Maintains US Election Lead

The euro today oscillated between gains and losses as US election officials continue to count votes in the tightly-contested US Presidential elections. The EUR/USD currency pair fell earlier today after President Donald Trump threatened to use the Supreme Court to stop vote-counting in some states.

Canadian Dollar Soft After Retail Sales Miss Expectations

The Canadian dollar was soft today, falling against other most-traded currencies, after domestic retail sales data disappointed traders. The losses were limited against most of the rivals, though, with the exception of the Japanese yen and the New Zealand dollar — the two strongest currencies on the Forex market during Friday’s trading.

Sterling Pound Falls Against the Dollar on Dovish BoE Speeches

The Sterling pound today fell against the US dollar following dovish speeches from Bank of England policymakers regarding the British economy and monetary policy. The GBP/USD currency pair kept falling despite the release of weak US jobs data as markets interpreted the BoE’s willingness to take extra easing measures negatively.

US Dollar Strong Despite Huge Miss of ADP Employment

The US dollar was very strong today despite disappointing employment data. Market analysts suggested various possible reasons for such behavior. Some speculated that the greenback continued to get support from Monday’s positive US manufacturing data. Others argued that it was just a bounce in an oversold market.

Canadian Dollar Weakens Against US Peer on Flight to Safety Mood

The Canadian dollar today lost ground against its southern neighbour amid driven by the flight to safety mood that dominated the financial markets today. The USD/CAD currency pair rallied today as investors were spooked by the rising coronavirus cases globally, which pose a direct threat to the ongoing global economic recovery.

Yen Attempts to Rebound After Being Worst Performer on Friday

The Japanese yen was the worst performer on the Forex market today as the positive sentiment favored riskier currencies, not safer ones. Currently, though, the yen has trimmed its losses, even managing to gain on another safe-haven currency — the Swiss franc.

Euro Rallies to 2-Month Highs on Positive Euro Area Data, Sentiment

The euro today rallied to new 2-month highs against the US dollar boosted by the improved market risk appetite as most equity markets across the globe rally. The EUR/USD currency pair gains came at the greenback’s expense, which lost ground against other currencies as investor demand for safe-haven assets receded.

Japanese Yen Rallies Against US Dollar on Safe Haven Flows

The Japanese yen today rallied against the US dollar driven by the risk-off market sentiment, which saw the yen benefit from safe-haven flows. The USD/JPY currency pair fell to new multi-week lows as the yen kept making gains against the greenback despite the DXY’s gains.

US Dollar Remains Strong Despite Worst Employment Drop in History

The US labor market lost the biggest amount of jobs in history last month. But the US dollar was hardly fazed by the disastrous data, remaining one of the strongest currencies on the Forex market during Wednesday’s trading.

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