Department of Labor — News Archive

    Archives

Pound Falls After BoE Fails to Deliver Adequate Stimulus Measures

The Sterling pound today spiked higher shortly after the Bank of England left its lending rate unchanged and increased its stimulus program by £100 billion as expected. However, the GBP/USD currency pair’s rally was short-lived as the pair quickly headed lower as investor risk appetite faded in the face of rising coronavirus infections globally.

Euro Rallies on Upbeat Euro Area PMIs, Falls on Strong US PMIs

The euro today rallied higher against the US dollar earlier today lifted by positive PMI reports from across the euro area released by Markit Economics. The EUR/USD currency pair later fell after the release of positive PMI data from the US amid rising Sino-US tensions.

Canadian Dollar Posts Gains as Oil Recovers and Trades Sideways

The Canadian dollar today extended its winning streak against the US dollar as the recovery in crude oil prices saw the US crude oil trading sideways in a tight range. The USD/CAD currency pair fell for the third consecutive session as crude oil prices recovered strongly from Monday’s crash despite concerns about global demand for the commodity.

Euro Extends Decline Amid Fears of a Looming Recession in the EU

The euro today fell against the US dollar as market sentiment remained decisively risk-averse amid fears that the eurozone was facing an imminent recession. The EUR/USD currency pair fell for the second consecutive session despite the release of upbeat data from Germany and the euro area, which did little for the pair.

Pound Rallies on Upbeat Sentiment and Hawkish BoE Rate Decision

The Sterling pound today rallied higher against the US dollar driven by the dominant risk-off market sentiment, which triggered a sell-off in the greenback. The GBP/USD currency pair today rallied higher as investors reacted to the Bank of England‘s latest monetary policy decisions.

Euro Rallies as Coronavirus Fears in the US Push the Dollar Lower

The euro today rallied higher against the US dollar as authorities in California declared a state of emergency amid rising coronavirus cases. The EUR/USD currency pair benefitted from the risk-off investor sentiment and the greenback’s losses despite a mostly empty European docket.

Pound Falls to New 2020 Lows as the Dollar Hits Multi-Month Highs

The Sterling pound today edged lower against the US dollar for the second consecutive session as investors remained worried about a hard Brexit. The GBP/USD currency pair fell amid a lack of significant releases from the UK docket and was fueled by the much stronger greenback.

US Dollar Gains After Positive Economic Reports

The US dollar rallied today following better-than-expected macroeconomic releases in the United States. Now, traders wait for tomorrow’s nonfarm payrolls.

Euro Rises on German Inflation Data and Flash US GDP Report

The euro today inched higher against the US dollar as it struggled to shake off the selling pressure that has kept the EUR/USD currency pair trading in a tight range. The single currency posted gains in the American session despite the release of mixed German inflation data accompanied by in-line preliminary US Q4 GDP figures.

Euro Falls on ECB Rate Decision and Dovish ECB Strategic Review

The euro today crashed to new monthly lows against the US dollar after the European Central Bank announced its rate decision and strategic review. The EUR/USD currency pair today fell to lows last seen on 2nd December 2019 amid a risk-averse market environment that saw most European equity indices close the day lower.

Navigation

Menu