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Euro Rallies to New 2-Month Highs as Dollar Falls to 2-Month Lows

The euro today rallied to new 2-month highs as the US dollar extended its losses by falling to fresh 2-month lows amid a risk-on market environment. The EUR/USD currency pair rallied to its daily highs in the American session amid multiple speeches from Fed speakers.

Sterling Strong Despite Poor Macroeconomic Data

The Great Britain pound was rather strong today. That is surprising considering that domestic macroeconomic reports were unhelpful, demonstrating the weakness of the British economy. The Brexit also continued to weigh on the currency, though today there was no major news about it.

Euro Rallies Higher as France Pushes for Fiscal Stimulus Measures

The euro today rallied higher against the US dollar as investors bid up the single currency lifting it away from yesterday’s lows triggered by the FOMC decision. The EUR/USD currency pair today rose steadily as the markets reacted to comments from the French calling for immediate fiscal stimulus measures.

NZ Dollar Falls Ahead of FOMC Meeting, Domestic Data Doesn’t Help

The New Zealand dollar fell today as markets were in a risk-off mode ahead of Federal Reserve monetary policy meeting later today. Domestic macroeconomic data was not helpful to the currency.

Japan’s Economic Growth Slows, Yen Retreats from Opening Levels

The Japanese yen opened above Friday’s close today, though by now the currency has retreated against most of its major rivals. Today’s macroeconomic data in Japan showed that economic growth slowed last quarter while other indicators missed expectations.

Australian Dollar Firm After RBA Holds Rates

The Australian dollar was firm today after the Reserve Bank of Australia kept interest rates unchanged and showed no signs of turning more dovish than it already was. Australia’s economic data was mixed, not giving the Aussie a reason to go in any specific direction.

Euro Firm Even as Inflation & Current Account Miss Expectations

The euro was firm against other most-traded currencies today despite rather weak domestic macroeconomic data released over the trading session. The currency has trimmed its gains versus the US dollar by now but otherwise remained strong.

Euro Rallies Higher Despite Italian Political Uncertainty

The euro today rallied higher into the early European session despite rumours that the Italian government would call for an early election on October 23rd. The EUR/USD currency pair fell after the release of weak German trade balance data for June, which shrunk more than expected.

Japanese Yen Continues to Recover Against Majors

The Japanese yen gained against majors today, continuing to recover after the big drop on Tuesday. The yen performed a bit worse versus commodity currencies as the market sentiment stabilized after China’s better-than-expected trade report.

Euro Falls As Fed Reassures Markets of Its Less-Dovish Stance

The euro today fell aggressively against the US dollar reversing most of yesterday’s gains after the New York Federal Reserve rushed to clarify dovish comments made by its President John Williams. The EUR/USD currency pair was also pressured by the weak German producer data released earlier today as well as the resurgent greenback.

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