Census Bureau — News Archive


USD/CAD Rallies Higher on Mixed US Releases

The USD/CAD currency pair today rallied slightly higher as the Canadian dollar weakened against its US counterpart following mixed US macro releases. The loonie was largely weaker against the greenback despite slightly positive crude oil prices, which usually boost the currency.

EUR/USD Declines Despite Weak US Housing Data

The EUR/USD currency pair declined significantly after the release of weak US housing data. The currency pair ignored the disappointing US housing report as investor sentiment towards the pair shifted in favor of the greenback leading to the pair’s decline.

GBP/USD Declines as Britain Expels Russian Diplomats

The GBP/USD currency pair declined after news emerged that the UK government had expelled 23 Russian diplomats following the poisoning of a Russian ex-spy. The currency pair traded choppily today as it had spiked higher following the release of the US advance retail sales data, which did not meet expectations.

Euro Trades Lower on Mario Draghi’s Dovish Comments

The euro today dropped to new lows against the US dollar following the ECB President Mario Draghi‘s dovish comments during a speech in Frankfurt. Mixed releases from the Eurozone such as Germany’s Consumer Price Index for February could not reverse the euro’s decline.

USD/CAD Rallies on BoC Rate Decision amid Trade Tensions

The Canadian dollar today weakened against its US counterpart after the Bank of Canada left interest rates intact, which drove the USD/CAD currency pair to new highs. The Canadian dollar was also under intense selling pressure due to fears that a trade war with the USA would hurt the country’s economy as the US is a major export market.

Euro Rallies Against US Dollar on North Korea Progress

The euro today rallied higher against the US dollar as investors embraced the risk-on mood in the market after it emerged that  North Korea was considering possible denuclearization. The news emerged from talks between North Korea and its Southern counterpart, and its impact was significant enough to outweigh the effect of the Italian general election on the single currency.

Euro Drops to New Lows on Weak German Inflation Report

The euro today dropped to new lows against the US dollar after the release of weak German preliminary CPI data in the mid-European session. Several disappointing releases from the US docket in the early American session could not reverse the euro’s decline against the greenback.

Pound Declines on Weak UK Retail Sales and US Housing Data

The British pound today declined against the US dollar following the release of weak UK retail sales data for January. The pound further weakened against the greenback after the release of better than expected US housing data in the early American session.

US Dollar Rallies Briefly Against Peers on Upbeat US Inflation Data

The US dollar today rallied briefly against a basket of its peers as tracked by the US Dollar Index, after the release of strong US inflation data. The greenback’s rally was negatively affected by the weak retail sales data for December released early in the American session.

EUR/USD Trades Lower Amid Resurgence in US Dollar Demand

The EUR/USD currency pair today traded lower following a resurgence in US dollar demand during the European and early American sessions. The currency pair rallied higher during the Asian session as investors bought the low-yielding euro after European stocks joined the global equities sell-off.