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Australian Dollar Sinks After Extremely Bad Employment Data

The Australian dollar was extremely weak today following the release of a very disappointing employment report. The Aussie fell against almost all of its most-traded peers, even the New Zealand dollar that was weak itself, but not against the Great Britain pound.

Canadian Dollar Rallies on Jobs Report and Oil Prices, Ignores US Data

The Canadian dollar today extended its rally against the US dollar after the release of surprisingly good employment data for May. The USD/CAD currency pair fell even though the US economy reported better than expected jobs numbers.

Euro Rallies to 2-Month Highs on Positive Euro Area Data, Sentiment

The euro today rallied to new 2-month highs against the US dollar boosted by the improved market risk appetite as most equity markets across the globe rally. The EUR/USD currency pair gains came at the greenback’s expense, which lost ground against other currencies as investor demand for safe-haven assets receded.

Aussie Soft Despite Rebound in Chinese Industrial Production

The Australian dollar was soft today despite a rebound of industrial production in China — Australia’s biggest trading partner. Other indicators released in China today were not good, though. There were no economic releases in Australia today, and yesterday’s employment data was mixed.

Australian Dollar Strongest on Economic Data, Market Sentiment

The Australian dollar rallied today, turning out to be the strongest currency on the Forex market during Wednesday’s trading. The possible reasons for the rally were good domestic macroeconomic data and optimism about an exit from the lockdown in Australia as well as other countries around the world.

Canadian Dollar Rallies Against US Peer on US/Canadian Jobs Data

The Canadian dollar today rallied against its Southern neighbour after the release of jobs data from both countries with some prints beating analysts’ estimates. The USD/CAD currency pair today printed news lows as US non-farm payrolls disappointed causing the greenback to lose ground against the loonie amid higher oil prices.

Japanese Yen Rallies Against US Dollar on Safe Haven Flows

The Japanese yen today rallied against the US dollar driven by the risk-off market sentiment, which saw the yen benefit from safe-haven flows. The USD/JPY currency pair fell to new multi-week lows as the yen kept making gains against the greenback despite the DXY’s gains.

US Dollar Remains Strong Despite Worst Employment Drop in History

The US labor market lost the biggest amount of jobs in history last month. But the US dollar was hardly fazed by the disastrous data, remaining one of the strongest currencies on the Forex market during Wednesday’s trading.

NZ Dollar Attempts to Rise After Surprise Growth of Employment

The New Zealand dollar attempted to rally today following a surprisingly positive employment report that showed that New Zealand unexpectedly added jobs last quarter. The currency has retreated against some of its rivals by now but managed to keep gains versus others.

Pound Falls on Bearish Sentiment as UK to Test COVID-19 Vaccine

The Sterling pound today fell against the US dollar as investor sentiment remained decidedly bearish amid news that the UK was developing a COVID-19 vaccine. The GBP/USD currency pair fell despite the release of upbeat UK jobs data as investor risk appetite evaporated pushing the pair lower into negative territory.

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