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Euro Rallies Higher on Weak US CPI Data Amid Dovish ECB Rate Decision

The euro today rallied higher against the US dollar in the early American session following the release of disappointing US inflation data. The EUR/USD currency pair barely reacted when the European Central Bank announced its interest rate decision earlier today, which was in line with expectations.

US Dollar Rallies on Strong August Jobs Report

The US dollar is rallying against its major counterparts at the end of the trading week following a better-than-expected August jobs report. The bullish economic report will likely give further ammunition to the Federal Reserve to raise interest rates at its next Federal Open Market Committee (FOMC) policy meeting later this month, a dollar-positive move.

Canadian Dollar Falls on Weak Employment Data Amid Strong NFP

The Canadian dollar today fell significantly against its US counterpart following the release of the latest Canadian employment data, which missed expectations. The USD/CAD currency pair was also boosted by the resurgent greenback, which was fueled by the upbeat US nonfarm payrolls report released at the same time.

US Dollar Holds Ground Despite Improving Market Sentiment

In general, safer currencies found little demand today as markets were recovering from the shock caused by the Turkish financial crisis. But the US dollar avoided losses for the most part, rising to the highest level in more than a year against the basket of major currencies.

Sterling Pound Drops on UK GDP Data and US Inflation Report

The Sterling pound today was on a downtrend from the Asian session, but recovered slightly after the release of positive UK GDP data. The GBP/USD currency pair’s decline was further accelerated by the release of upbeat CPI data from the US docket.

Euro Rallies Higher on Market-Wide US Dollar Retracement

The euro today rallied higher against the US dollar following the market-wide selling of the US dollar, which boosted most of its peers. The EUR/USD currency pair rallied higher from the early European session despite the release of mixed data from the German docket.

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data.

USD/CAD Trades Lower on Disappointing Duo of Employment Reports

The USD/CAD currency pair today headed lower as the Canadian dollar gained against its US counterpart following disappointing jobs reports from both countries. The pair’s decline was further accelerated by the selling pressure on the US dollar following the high US unemployment rate reported.

Sterling Pound Trades Lower on UK Inflation Data, Later Recovers

The Sterling pound today traded lower against the US dollar following the release of the UK Consumer Price Index report for May in the early European session. The GBP/USD currency pair later rallied higher from the mid-European session into the North American session as the US dollar weakened against the pound.

British Pound Rallies Higher on Mixed UK Jobs Data and Brexit Vote

The British pound today rallied higher following the release of the latest UK employment report, which had mixed results. The GBP/USD currency pair later gave up most of its gains, but rallied higher in the American session as the UK Parliament voted on a crucial Brexit bill.

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