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Canadian Dollar Rallies Against US Peer, Later Falls on Jobs Data

The Canadian dollar today surged against its US peer erasing yesterday’s losses boosted by the rising crude oil prices, which fueled the commodity-linked loonie. The USD/CAD currency pair later recovered and rallied higher as the loonie reacted to Canadian employment data, which was worse than expected.

Sterling Pound Falls Against the Dollar on Dovish BoE Speeches

The Sterling pound today fell against the US dollar following dovish speeches from Bank of England policymakers regarding the British economy and monetary policy. The GBP/USD currency pair kept falling despite the release of weak US jobs data as markets interpreted the BoE’s willingness to take extra easing measures negatively.

US Dollar Strong Despite Huge Miss of ADP Employment

The US dollar was very strong today despite disappointing employment data. Market analysts suggested various possible reasons for such behavior. Some speculated that the greenback continued to get support from Monday’s positive US manufacturing data. Others argued that it was just a bounce in an oversold market.

Canadian Dollar Weakens Against US Dollar on Upbeat NFP Data

The Canadian dollar today lost ground against its southern neighbour driven by the upbeat US nonfarm payrolls report for July released in the American session. The USD/CAD traded higher boosted by the risk-off investor sentiment in the face of rising US-China tensions but gave up some of its initial gains as the loonie clawed higher.

NZ Dollar Rises After Employment Report Surprises Positively

The New Zealand dollar rallied today, though it has trimmed gains against some of its rivals by now. The catalyst for the rally was the release of surprisingly good domestic employment data.

Canadian Dollar Weakens Against US Peer on Flight to Safety Mood

The Canadian dollar today lost ground against its southern neighbour amid driven by the flight to safety mood that dominated the financial markets today. The USD/CAD currency pair rallied today as investors were spooked by the rising coronavirus cases globally, which pose a direct threat to the ongoing global economic recovery.

Australian Dollar Rises amid Generally Positive Market Sentiment

The Australian dollar rose against almost all major currencies today amid generally positive market sentiment. It looks like hopes for a coronavirus vaccine outweighed concerns about the surge of new coronavirus cases.

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.

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