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Pound Rallies on Upbeat UK Retail Sales Report and Positive Sentiment

The Sterling pound rallied against the dollar boosted by the upbeat UK retail sales report released earlier today as investor appetite for the pound remained high. The GBP/USD currency pair’s gains were limited by worries that the EU could halt vaccine shipments to the UK, slowing down its vaccination programme and retaliatory Chinese sanctions.

Euro Falls Against Resurgent Dollar on Weak Inflation and Retail Sales Data

Today, the euro fell against the resurgent dollar amid rising US Treasury yields that boosted the world’s reserve currency despite the turbulent American politics. The EUR/USD currency pair’s decline was also fueled by the disappointing inflation data coming out of the eurozone, causing investors to sell the euro.

Euro Rallies to 1-Week Highs Driven by Investor Risk Appetite

The euro today rallied against the US dollar despite the release of mixed macro prints from across the euro area driven by the resurgent investor risk appetite. The EUR/USD currency pair’s rally was also boosted by the greenback’s selloff, which started yesterday amid hopes of a US coronavirus stimulus package.

Euro Rallies Then Falls Against the Dollar at Critical Support Level

The euro today rallied to new daily highs against the US dollar early in the European session driven by positive investor sentiment before giving up its gains later. The EUR/USD fell back at a critical resistance level as sellers stepped in, and the greenback staged a comeback clawing back its losses.

US Dollar Slides Despite Bullish Data in Final Stretch of 2019

The US dollar is slipping against multiple publicly-traded currency rivals to kick off the holiday-shortened trading week and wind down 2019. The buck, which has pared most of its gains this year, failed to take advantage of the myriad of bullish economic data on Monday, creating a cause for concern that the dollar will start 2020 weaker.

Euro Range-Bound on German GfK Survey Data, Trade Headlines

The euro today traded sideways against the US dollar in a low-volatility market environment amid a lack of any significant fundamental triggers. The EUR/USD currency pair barely moved after the German GfK survey as investors waited for developments from the US-China trade talks.

Pound See-Saws on Boris Johnson’s Cabinet, Later Crashes

The British pound today see-sawed between gains and losses as investors remained cautious after Boris Johnson assumed office as the new British Prime Minister. The GBP/USD currency pair was weighed down by the cabinet reshuffle announced by the new PM with many of those appointed being hard Brexiteers, which increases the chances of a no-deal Brexit.

Euro Rallies From Trading Range After ECB Decision, Later Declines

The euro today broke out of the range it was trading in for the earlier part of the session after the European Central Bank announced its monetary policy decision. The EUR/USD currency pair rallied higher after the ECB announcement where it maintained its current monetary policy direction as was expected.

Pound Rallies Higher on Risk-On Sentiment and Weak US Dollar

The British pound today rallied higher against the US dollar in a move that was largely fueled by the greenback’s decline following yesterday’s geopolitical events. The trade deal announced between the US and Mexico triggered a risk-on sentiment across the global financial markets, which triggered a significant selloff of the US dollar boosting the pound.

Euro Drops Against Peers on Draghi Speech and ECB Rate Decision

The euro today headed lower after the European Central Bank‘s interest rate decision and the press conference following the announcement. The euro gave up most of yesterday’s gains that were triggered by President Donald Trump‘s decision to remove the pre-announced tariffs on car imports from the EU.

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