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Euro Falls Against US Dollar After US Retail Sales Top Expectations

The euro today fell to new weekly lows against the US dollar following the release of upbeat US retail sales data in the American session. The EUR/USD currency pair traded with a bearish bias for most of today’s session amid a risk-averse market mood given the US-China trade war.

Australian Dollar Remains Soft After Domestic, China’s Data

The Australian dollar continued to demonstrate weakness as risk appetite was slowly coming off markets. Domestic macroeconomic data was weighing on the currency further as the consumer sentiment deteriorated sharply. And while China’s consumer inflation was accelerating, painting a positive picture of the economic health of Australia’s biggest trading partner, that led to concerns that Beijing may withdraw stimulus if prices continue to rise at a fast pace.

Aussie Under Pressure from Wage Inflation Miss, Chinese News

The Australian dollar was under pressure today from the wage inflation miss. News from China did not do the currency any favors either.

Swiss Franc Soft as Consumer Sentiment Deteriorates

The Swiss franc managed to gain on the euro today but was generally soft against other currencies. The deteriorating consumer sentiment was not helping the Swissie at all.

Euro Trades Near 3-Week Highs Driven by Risk Sentiment, Later Drops

The euro today rallied almost to 3-week highs against the US dollar in move that is likely to see it post its first weekly gain following three consecutive weekly drops. The EUR/USD currency pair today rallied higher driven by a shift in investor risk appetite, which saw markets bid up riskier assets such as stocks, while fleeing safe haven assets.

Australian Dollar Firm, Boosted by Domestic Fundamentals

The Australian dollar demonstrated good performance today as news from Australia was good, providing support to the currency. Judging by the gains of commodity currencies and lack of demand for safer ones, the market sentiment was relatively optimistic, which is surprising considering that recent news from around the world gave no reason for optimism.

Euro Drops on Mixed Euro Area Data, Rallies on Weak US Data

The euro today headed lower in the early European session following the release of mixed data from across the euro area before rallying higher later. The EUR/USD currency pair recovered in the early American session following the release of disappointing American industrial data.

Australian Dollar Declines with Consumer Sentiment

The Australian dollar fell today, though the currency has rebounded from the day’s lows by now. The possible reason for the decline was deterioration of the consumer sentiment.

Euro Drops on Mixed Eurozone Data, Rallies on Weak US Data

The euro today dropped lower against the US dollar in the late Asian session before rallying higher on upbeat German retail sales data for January. The EUR/USD later declined despite the release of mixed German unemployment data, then rallied higher into the American session.

Aussie Gains on Risk Appetite, Recovering Consumer Sentiment

The Australian dollar gained today amid risk appetite caused by hopes for a successful outcome of trade negotiations between China and the United States. Positive domestic macroeconomic data also helped the Australian currency.

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