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Australian Dollar Reverses Gains Caused by Improving Consumer Sentiment

The Australian dollar jumped today after the release of positive macroeconomic data in Australia but reversed its gains shortly afterwards and is now trading near the opening level.

Dollar Goes Lower, Waits for Economic Data

The US dollar fell against its most-traded peers during the Tuesday’s trading session as dollar bulls struggled to find a new catalysts for a rally. Economic data released over the rest of the week may provide such catalysts if it turns out good.

Canadian Dollar Rallies Against US Dollar on Positive Housing Data

The Canadian dollar today rallied against its US counterpart after the release of positive housing data by Statistics Canada. The rebound in global crude oil prices triggered the USD/CAD’s downward spiral at the start of today’s session even as OPEC and non-OPEC countries consider extending production cuts.

Australian Dollar Rises Following Business Confidence

The Australian dollar rose today as data released over the trading session revealed that the business confidence improved last month.

Australian Dollar Trades Lower After China’s Services PMI Disappoints

The Australian dollar traded a bit lower today following the release of disappointing macroeconomic data for China.

US Dollar Ends Week as Strongest Currency Despite Falling Employment

The US dollar ended the week as the strongest major currency as market participants considered an interest rate hike from the Federal Reserve in December almost guaranteed.

USD/CAD Rallies Briefly on Mixed Employment Data from Canada

The USD/CAD currency pair today rallied higher briefly after the release of mixed data from both the Canadian and USA dockets. The release of the Canadian labour force survey and the US nonfarm payrolls buffeted the currency pair causing it to rally, then quickly decline.

US Dollar Climbs Against Euro as Catalonian Crisis Escalates

The US dollar rose against the euro on Friday as domestic political troubles in Spain showed no sign of an end, which continued to weigh on the shared currency. However, the greenback lost some of its upward momentum today following the release of disappointing payroll data.

US Dollar Gains as Data Supports Outlook for Fed’s Hike

The US dollar rallied against a basket of major currencies today as positive economic data released in the United States over the trading session reinforced the case for an interest rate hike from the Federal Reserve.

Australian Dollar Falls Against US Peer on Weak Retail Data

The Australian dollar declined against its US counterpart on Thursday after a fresh report that showed that Australian retail sales fell behind expectations for the second month in a row. The Australian dollar also dropped against other major peers as expectations for higher interest rates decreased following today’s data.

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