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Euro Declines on Flat German Inflation Amid US Dollar Rebound

The euro today dropped from 2-week highs against the US dollar as the greenback rallied higher from the early European session to recoup most of yesterday’s losses. The EUR/USD currency pair rallied slightly after the release of positive German inflation data, but could not sustain its rally due to the resurgent greenback.

Swiss Franc Declines After Inflation Misses Expectations

The Swiss franc declined against its most-traded rivals today after Switzerland’s inflation missed expectations.

Japanese Yen Stays Weak, Economic Data Fails to Aid

The Japanese yen remained mostly soft today as the market sentiment stayed generally positive. The set of robust macroeconomic releases in Japan failed to support the currency.

Pound Rallies on Upbeat UK Inflation Data, Declines on Brexit News

The Sterling pound today rallied higher against the US dollar following the release of the latest UK inflation data, which beat expectations by a huge margin. The GBP/USD currency pair today rallied to new six-week highs following the positive releases, but later dropped to new lows due to negative Brexit headlines.

Euro Trades Higher on Positive Inflation Data Amid Weak US Data

The euro today traded higher against the US dollar following the release of inflation data from across the eurozone in the early European session. The EUR/USD currency pair extended its gains in the early American session after the release of US manufacturing data, which missed expectations.

US Dollar Declines vs. Other Majors After CPI Miss, Gains vs. Yen

The US dollar was broadly lower against its most-traded rivals today following the release of a worse-than-expected inflation report and the improvement of the market sentiment. The currency managed to gain on the Japanese yen, though.

Swiss Franc Soft Despite Stable Consumer Prices

The Swiss franc was rather soft during Tuesday’s trading despite today’s macroeconomic data, which showed that Switzerland’s consumer prices were stable last month.

Canadian Dollar Jumps Despite NAFTA Exclusion

The Canadian dollar is rallying to finish off the trading week. The loonie is strengthening on higher energy prices and strong inflation numbers, but the currency’s gains may have been capped by President Donald Trump excluding Canada from the latest North American Free Trade Agreement (NAFTA) talks with Mexico.

British Pound Trades at 14-Month Lows Despite Higher UK Inflation

The British pound today hit new record lows against the US dollar in the Asian session due to the risk-off sentiment in the markets, which favored the greenback. The GBP/USD currency pair retraced some of its losses after the release of the latest UK CPI data, which was in line with expectations.

Euro Struggles to Rally on Upbeat Eurozone Data Amid Turkish Crisis

The euro today struggled to rally higher despite the release of upbeat data from across the Eurozone such as the German GDP report. The EUR/USD currency pair was largely weighed down by the ongoing currency crisis in Turkey, which has negatively affected the global financial markets.

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