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Australian Dollar Soft After Leading Indicators Decline

The Australian dollar remained rather vulnerable today, falling against its most-traded rivals, though it remained slightly above the opening level versus the soft Japanese yen.

GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data

The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar demand.

Canadian Dollar Falls Even As Employment Grows

The Canadian dollar fell on Friday despite better-than-expected employment data. Other economic reports were not that good, though, and there were other fundamental factors that might have caused the decline.

EUR/USD Trades in a Tight Range on Both Eurozone and US Data

The EUR/USD currency pair today traded in a tight range from the early European session following the release of mixed Eurozone data. The currency pair remained stable during the American session following several US releases such as the ADP employment change data.

US Dollar Rallies Higher on Manufacturing PMI Releases

The US dollar today rallied against some of its main trading peers including the euro and the Canadian dollar. The greenback’s rally was triggered by the release of the IHS Markit US Manufacturing PMI for March, which was slightly lower than expected, but still tilted the scales in favor of the greenback.

EUR/USD Trades Sideways on Mixed German and US Data

The EUR/USD currency pair today traded sideways in a tight range following the release of positive German employment change data in the early European session. The release of the weak German Consumer Price Index data in the mid-European session also had a subdued impact on the single currency.

AUD Doesn’t Join Rally vs. USD, Dragged Down by Employment Data

The Australian dollar was the only major currency that did not rise against the US dollar today. The reason for that was underwhelming employment data in Australia.

GBP/USD Rallies Higher on Positive UK Labour Market Report

The GBP/USD currency pair today rallied to new highs following the release of the UK labour market report for March. The report indicated that wages for workers in the UK had improved greatly, which shifted investor sentiment towards the pound, and triggered the pair’s rally.

Canadian Dollar Fails to Find Support from Positive Fundamentals

The Canadian dollar dropped against its most-traded rivals today. That was puzzling considering that the employment report released during the trading session was good and crude oil prices rose.

Euro Trades Lower on Mario Draghi’s Dovish Comments

The euro today dropped to new lows against the US dollar following the ECB President Mario Draghi‘s dovish comments during a speech in Frankfurt. Mixed releases from the Eurozone such as Germany’s Consumer Price Index for February could not reverse the euro’s decline.

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