The euro today traded with a negative bias against the US dollar extending its losing streak for the fourth straight session as the risk-off sentiment dominated markets. The EUR/USD currency pair’s performance was also negatively affected by the rising coronavirus cases globally, which has seen investors buy the safe-haven greenback.
The Sterling pound today fell against the US dollar driven by the risk-off market sentiment that dominated global markets amid a major equities sell-off. The GBP/USD extended its losing streak for the third consecutive day and printed new 2020 lows as investors shrugged off the stimulus package announced by the Bank of England yesterday.
The euro today rallied against the US dollar earlier in the session before falling later during the American session as the global equities sell-off deepened. The EUR/USD currency pair headed lower as European stock markets closed in the red and American markets opened lower later in the day.
The Canadian dollar today posted gains against the US dollar after the release of upbeat Canadian employment data in the early American session. The USD/CAD currency pair alternated between gains and losses, given that both the loonie and the greenback were weak overall.
The Sterling pound today fell against the US dollar despite the release of upbeat UK inflation data in the early London session. The GBP/USD currency pair fell at a crucial support level, which has been cited by most analysts as the main reason for the pair’s decline.
The Sterling pound today rallied to 1-week highs as the British Prime Minister Boris Johnson announced a major cabinet reshuffle that saw several ministers replaced. The GBP/USD currency pair started rallying hours before the official announcement as some ministers such as Sajid Javid resigned ahead of the reshuffle.
The Canadian dollar today fell against the US dollar following the release of mixed Canadian jobs data and the upbeat US non-farm payrolls report. The USD/CAD currency pair’s rally was also fueled by the decline in global crude oil prices, which dragged the commodity-linked loonie lower.
The US dollar rallied today following better-than-expected macroeconomic releases in the United States. Now, traders wait for tomorrow’s nonfarm payrolls.
The euro today fell against the US dollar driven by a lack of macro releases from across the euro area and the resurgent greenback. The EUR/USD currency pair later rallied from its daily lows despite the release of mostly in-line US inflation data in the American session.
The euro today fell against the US dollar in a risk-off market environment as investor fears about an escalation in the US-China trade war dominated the markets. The EUR/USD currency pair recovered in the American session due to the greenback’s weakness despite the release of in-line US inflation data.
