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US Dollar Drops amid Risk Appetite, Outlook for Stimulus

The US dollar fell against a basket of currencies today as risk appetite on the market limited demand for safety provided by the greenback, while the outlook for stimulus in the United States further damaged the appeal of the US currency.

Japanese Yen Flat as Markets Wait for G20 Outcome

The Japanese yen was trading either flat or slightly lower versus its most-trade rivals today as traders were cautious, waiting for the outcome of the meeting between the leaders of the United States and China at the Group of Twenty summit. There were plenty of macroeconomic reports released in Japan today. The Bank of Japan also released the Summary of Opinions at its latest monetary policy meeting.

Euro Succumbs to Pressure in Forex Trading

Euro is succumbing to pressure right now in Forex trading, moving lower against its major counterparts. There isn’t a whole lot to support the euro against other currencies, and, in fact, policymakers are hoping for a lower euro.

US Economic Data Surprises to the Upside

US dollar is heading higher today, thanks in large part to the fact that a number of US data economic prints surprised to the upside. With the US economy continuing to show signs of recovery, many hope to see the Federal Reserve take more steps to tighten policy, which could mean more strength.

Greenback Trades Mixed as Global Stocks Plummet

Global stocks are once again plummeting. The dollar is trading mixed, however, as many traders await economic data to determine whether or not recent dollar strength remains relevant.

NZ Dollar Drops to Multi-Year Low vs. US Dollar

The New Zealand dollar followed its Australian counterpart in decline, also falling to a multi-year low against the US dollar, as economic news from New Zealand was rather pessimistic.

Yen Gains, Downside Threat Remains

The Japanese yen rose today against the US dollar and the Great Britain pound, which were demonstrating softness at the current trading session. But the Japanese currency was unable to outperform the euro, which is now trying to gain ground after it has halted its long decline.

Euro Looks for Direction After Data

The euro is in a kind of currency market limbo right now, looking for direction after the latest economic data for the eurozone.

Euro Loses Ground After OECD Report

Euro is losing ground today in currency trading, thanks in large part to a report from the Organization for Economic Cooperation and Development. This report indicates that the eurozone’s economic growth is lagging behind the United States and United Kingdom. The worry of deflation is also weighing on the euro.

Euro Continues to Struggle, Even After Debt News

Even though the eurozone debt dropped for the first time in almost six years, and even though a recent poll shows that 57 per cent of investors feel that the worst is over for the eurozone, there are still concerns and the euro is struggling today.

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