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British Pound Gains Against US Dollar on Positive UK and US Data

The British pound today gained ground against the US dollar amid a raft of positive UK macro releases such as the Markit/CIPS UK Services PMI. Positive releases from the US docket in the early American session could not derail the pound’s rally against the US dollar.

Euro Trades Lower Against US Dollar Ahead of FOMC Minutes

The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office.

CAD Gains on USD, Trims Losses vs. Other Rivals

The Canadian dollar rallied versus its US counterpart thanks to the broad-based weakness of the US currency. The loonie fell versus its other most-traded rivals, but has trimmed losses by the end of the Tuesday’s trading session.

Australian Dollar Boosted by Amazing Jobs Data

The Australian dollar gained on its most-traded rivals today after the surprisingly good employment report boosted the currency.

USD/CAD Rallies Higher on BoC Rate Decision

The USD/CAD rallied higher by over 100 points after the Bank of Canada released its monetary statement leaving interest rates unchanged at 1.00%. The US dollar rallied against the commodity-linked loonie even as global oil prices traded at daily lows.

EUR/USD Slumps to New Lows on Mixed Eurozone and ADP Data

The EUR/USD currency pair today slumped to new lows from daily highs set in the late Asian session, despite a raft of positive data from the Eurozone. The release of upbeat German factory orders for the month of October in the early European session could not lift the single currency.

US Dollar Outlook: Important Economic Data Can Be Overshadowed by Politics

This week should be fairly important for the US dollar. Several major economic reports will come out during the week, including nonfarm payrolls. But there is a high probability that politics will overshadow macroeconomic data.

Canadian Dollar Rises Sharply on Booming Employment, Rising GDP

The Canadian dollar jumped sharply today following the release of the stellar employment data in Canada. The better-than-expected GDP print did not hurt the currency either.

Canadian Dollar Drops, Following Crude Oil

The Canadian dollar fell on Monday, following the sharp decline of North American crude oil. The week ahead have several important events in store for the currency, especially on Friday.

Canadian Dollar Firm Despite Falling Employment

The Canadian dollar gained even though nation’s employment dropped last month. Other economic reports were good, though.

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