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Swiss Franc Dips As Markets Confident on US-China Trade Progress

The Swiss franc is trading slightly lower on Thursday as investors are confident that the US-China trade negotiations are progressing, a development that would diminish the franc’s safe-haven appeal. The near-term trend might please the central bank amid efforts to fight the currency’s overvaluation. But is it enough to prevent further monetary easing? Analysts suggest that it is not.

Euro Rallies on Mixed Trade Headlines Despite Weak German Data

The euro today rallied higher against the US dollar, which was under intense selling pressure as investors cautiously waited for US-China trade talks to resume. The EUR/USD currency pair rallied higher despite weak macro releases from Germany in the early European session mainly driven by positive investor risk sentiment.

Swiss Franc Mixed As Retail Sales, Manufacturing Slump

The Swiss franc is mixed against currency competitors on Thursday after new data highlighted a slumping retail sector and a bearish manufacturing industry. Despite the central bank trying to do everything it can to debase the franc, investors are still pouring into the safe-haven asset and boosting the franc’s value.

US Dollar Ends Week Mixed amid Geopolitical Uncertainty

The US dollar ended the week mixed amid confusing fundamentals. Uncertainty about the US-China trade negotiations, political turmoil in the United States, and other geopolitical factors were not helping the currency to find direction.

Euro Mixed As Eurozone Data Disappoints Investors

The euro is trading mixed against a basket of currencies to start the trading week. With the latest economic data disappointing investors, the central bank, which announced a new edition of quantitative easing (QE) during last week’s policy meeting, is encouraging eurozone countries to start employing fiscal measures to sustain anemic growth. Can countries stimulate their economies out of a slump?

Euro Rallies Higher as France Pushes for Fiscal Stimulus Measures

The euro today rallied higher against the US dollar as investors bid up the single currency lifting it away from yesterday’s lows triggered by the FOMC decision. The EUR/USD currency pair today rose steadily as the markets reacted to comments from the French calling for immediate fiscal stimulus measures.

Euro Jumps as German Economic Sentiment Improves Sharply

The euro rallied today after the release of positive economic sentiment figures for Germany as well as the whole eurozone. But economists are worried that the eurozone economy is still extremely vulnerable and the improvement of the sentiment does not reflect the underline strength of the economic activity.

US Dollar Mixed Ahead of Fed Decision

The US dollar was mixed during the past trading week, rising against some most-traded rivals but falling versus others. While the developments in the US-China relations were good, traders were reluctant to buy the greenback ahead of the upcoming Federal Reserve meeting.

Euro Spikes Then Crashes as ECB Cuts Deposit Rate by 0.10%

The euro today spiked higher after the European Central Bank cut its deposit rate by 0.10% as expected before quickly reversing direction and crashing to new weekly lows. The EUR/USD currency pair had attempted to rally higher after the release of Germany’s consumer price index data earlier today given that the print met expectations.

Japanese Yen Mixed As Manufacturing Weakens, BOJ Nudged to Ease

The Japanese yen is mixed midweek as new data is sending signals that the nation’s manufacturing sector is weakening. With uncertainty engulfing the global economy and Japan potentially facing a recession, the Bank of Japan (BOJ) is being pushed to be more accommodative by easing monetary policy. Prime Minister Shinzo Abe assured financial markets that Japan will not be a drag on the rest of the world, suggesting that he […]

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