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US Dollar Rallies Higher Against Peers on Positive Non-Farm Payrolls

The US dollar today rallied higher against its main peers such as the euro, the British pound and the Japanese yen as the non-farm payrolls report beat expectations. The US dollar rallied higher against its peers today building on the momentum established yesterday after the release of positive ADP national employment report.

Employment Data Fuels Rally of Canadian Dollar

The Canadian dollar jumped today, rising more than 1% against some of its most-traded rivals, after the release of a better-than-expected employment report.

Positive Fundamentals Fail to Provide Support to Canadian Dollar

The Canadian dollar was flat versus the US dollar and the Japanese yen and fell against the euro and the Swiss franc even though fundamentals should have supported the currency.

US Dollar Plummets Against Major Peers as Employment Data Misses Estimates

The US dollar plummeted against the euro and the British pound on Thursday, following a number of disappointing economic data that further confirmed a slowdown in the US economic growth. The greenback declined despite marginally stronger business activity in the United States, which failed to cancel the negative effect of today’s economic releases.

Aussie Flat After Release of Australian Trade Balance

The Australian dollar was little changed today after the release of surprisingly strong trade balance data.

Dollar Steady as Markets Wait for FOMC Minutes

The US dollar was steady against its major rivals today as traders were waiting for the Federal Open Market Committee to release minutes of its latest policy meeting.

Australian Dollar Gains Even as China’s Services PMI Disappoints

The Australian dollar rallied today despite unfavorable services data for China, Australia’s biggest trading partner. By now, the Aussie has lost its gains versus the US dollar but continued to trade above the opening level versus other most-traded rivals.

Aussie Drops After RBA Statement, Ignores Strong Retail Sales

The Australian dollar fell against its most-traded counterparts after the Reserve Bank of Australia released its monetary policy statement today. Better-than-expected retail sales data was unable to help the currency.

Australian Dollar Unable to Keep Gains Caused by China’s PMI

A private report released today showed that China’s manufacturing sector switched to growth. The Australian dollar attempted to rally with the help from the good news from Australia’s biggest trading partner. Yet the currency lost its gains versus its most-traded rivals (with the exception of the soft Japanese yen) as the report was not as good as it looked at first glance.

US Dollar Gains on Friday, Still Vulnerable

The US dollar rose against its major rivals, with the exception of the Great Britain pound, on Friday. But fundamentally the currency remained very vulnerable.

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