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Loonie Unable to Maintain Rally Despite Supportive Fundamentals

The Canadian dollar fell today after rallying intraday. That was surprising, considering that fundamentals looked extremely supportive for the currency.

US Dollar Flat, Waits for Fed Minutes

The US dollar traded almost flat against most of its major peers amid profit-taking and in anticipation of the upcoming policy minutes from the Federal Reserve.

Australian Dollar Attempts to Keep Rising, Fails

The Australian dollar rose earlier today, extending yesterday’s rally, on the back of the positive market sentiment. Yet the currency has retraced its gains by now.

NZ Dollar Bounces After Decline Caused by Retail Sales Data

The New Zealand dollar went down intraday during the current trading session due to disappointing retail sales data. But the currency managed to bounce later thanks to risk appetite on the market.

Aussie Ignores Interest Rate Forecast As Threat of Trade Wars Wanes

National Australia Bank pushed its forecast of an interest rate hike from 2018 to mid-2019. Yet that did not prevent a rally of the Australian dollar, caused by signs of waning trade tensions between the United States and China.

USD Ends Week Second Strongest, Analysts Unconvinced by Rally

The US dollar ended the week as the second strongest currency on the Forex market, losing only to the Swiss franc. Yet some market analysts said that the rally was unconvincing due to a range of political factors that were weighing on the greenback.

Canadian Dollar Declines Against US Dollar on Weak Canadian CPI

The Canadian dollar today dropped significantly against the US dollar following the release of disappointing Canadian CPI data in the early American session. The loonie’s losses were further compounded by the stronger US dollar, which was boosted by rising US Treasury yields.

Canadian Dollar Stable After Domestic Economic Releases

The Canadian dollar was stable today following economic releases over the current trading session and ahead of important economic reports due for release tomorrow.

NZ Dollar Fails to Rally, Trades Near Opening

The New Zealand dollar behaved somewhat similarly to its Australian counterpart today, attempting to rally intraday, but losing gains by now.

Aussie Rallies After Mixed Employment Data, Struggles to Keep Gains

The Australian dollar attempted to rally intraday but has trimmed its gains against most major rivals by now and lost them versus the US dollar entirely. The rally followed employment data, which actually was somewhat mixed.

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