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South Korean Won Flat As Central Bank Cuts Interest Rates to Record Low

The South Korean won is trading flat against its currency rivals on Thursday as investors weigh the central bank’s decision to cut interest rates to an all-time low. Policymakers warned that the economic fallout from the coronavirus pandemic would be worse for South Korea than the global financial crisis a decade ago. But while it looks like Seoul has the public health crisis under control, officials have been […]

Hungarian Forint Strengthens As Central Bank Leaves Interest Rates Unchanged

The Hungarian forint is strengthening on Tuesday as the central bank left interest rates unchanged and confirmed that it would not be ultra-aggressive in its quantitative easing efforts as its global counterparts. The institution’s decision left investors with the impression that Hungary’s economy could withstand the global fallout from the coronavirus pandemic.

South Korean Won Struggles for Direction as Output, Retail Sales Beat Forecasts

The South Korean won is looking to extend its gains on Thursday as economic data keeps beating market forecasts. The won, which had weakened due to reports of North Korean leader Kim Jong-un’s deteriorating health, is set for a considerable gain in April – and analysts say its best days are ahead as Seoul weathers the storm.

Euro Trades Sideways Amid Positive Releases and USD Weakness

The euro today traded sideways against the US dollar amid positive releases from across the euro area and risk-off market sentiment. The EUR/USD currency pair was not very active today as the data released from the eurozone was deemed inconsequential.

Pound Crashes to New 2-Year Lows as UK Q2 GDP Disappoints

The Sterling pound today crashed to fresh 2-year lows after the latest UK GDP report indicated that the country’s economy shrunk 0.2% in the second quarter. The GBP/USD currency pair was also weighed down by other weak UK macro releases including the disappointing industrial production data.

Pound Mixed After Slew of Economic Reports

The Great Britain pound was mixed today, falling against some rivals while rising versus others. Such behavior is not surprising, considering that Britain’s macroeconomic data released over the trading session was mixed as well. The sterling was trying to erase losses but currently is not successful.

Sterling Falls on Weak UK Data As Tory Leadership Contest Heats Up

The Sterling pound today fell almost to one-week lows after the release of a raft of disappointing macro data from the UK docket such as the April GDP print. The GBP/USD currency pair remains under pressure as the Conservative Party‘s search for a successor to the outgoing Prime Minister Theresa May officially kicks off.

Euro Rallies on German Industrial Data, Later Trades Sideways

The euro today rallied higher following the release of German industrial production data in the early European session as the print beat expectations. The EUR/USD currency pair later traded sideways amid a lack of any fundamental triggers as investors waited for the non-farm payrolls report.

Euro Drops on Weak Data amid Investor Fears of New US Car Tariffs

The euro today was on a downtrend against the US dollar from the early Asian session as investors worried about the introduction of new car tariffs by the US. The pair spiked higher briefly in the early European session, but quickly gave up its gains following the release of weak macro data from across the eurozone.

Euro Trades Sideways Despite In-Line Eurozone Inflation Data

The euro today traded in a tight range against the US dollar amid a market that was largely stable and lacked volatility. The release of upbeat data from the US docket in the early American session saw the EUR/USD currency pair come under intense selling pressure.

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