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British Pound Falls as Construction Activity Declines in December

The British pound fell against most of its major peers on Wednesday following a fresh release that showed a drop in activity within the construction sector in the last month of 2017. The British currency further weakened against the US dollar as traders anticipated the minutes of the last Federal Open Market Committee’s meeting.

EUR/USD Trades Sideways as Markets Await FOMC Rate Decision

The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies.

US Dollar Rises Against Most Major Peers Ahead of Federal Reserve Meeting

The US dollar rose against most of its major counterparts on Monday to begin the week on a positive note, as traders anticipated the outcome of the latest Federal Reserve meeting. However, solid inflation data in the eurozone pushed the euro higher against the greenback.

US Dollar Gives up Early Gains as Political Woes Remain in Play

The US dollar rose against the euro and other major currencies on Thursday, even after giving up some of the gains it made earlier today. A smaller drop than expected in manufacturing activity in Philadelphia and a low number of jobless claims supported the greenback. However, rippling effects from the Federal Reserve’s meeting minutes and political developments in the United States limited the greenback’s gains today.

US Dollar Falls Against Euro as ADP Employment Data Misses Estimates

The US dollar fell against the euro on Wednesday, as uncertainty between traders about the labor market increased following disappointing employment data today. The greenback also declined against a basket of major currencies amid lower expectations for the official job report on Friday.

US Dollar Climbs Against Euro Ahead of Fed Meeting

The US dollar edged higher against the euro on Wednesday, ahead of the latest statement from the Federal Open Market Committee, which is expected to contain a decision to keep rates unchanged. Traders appear to have ignored a disappointing number for new home sales in June in anticipation for remarks from the monetary policy committee relating to interest rates in the near future.

British Pound Rallies Against US Dollar on Positive GDP Data

The British pound today rallied higher against the US dollar after the release of preliminary UK GDP data for the second quarter, which met expectations. The British pound initially dropped after the GDP announcement before gaining traction and rallying higher against the US dollar after British finance minister Philip Hammond‘s comments on Brexit.

US Dollar Edges Higher Ahead of Fed Meeting, Despite Disappointing Home Sales

The US dollar edged higher against a basket of major currencies on Monday ahead of the Federal Reserve’s monetary policy meeting that starts tomorrow. The greenback was able to maintain today’s gain even after a report revealed disappointing existing home sales in June.

US Dollar Plummets Against Euro to Lowest Level Since August Despite Positive Data

The US dollar plummeted against the euro to the lowest level since August 2016, despite a strong reading for consumer confidence that was published earlier today. Traders’ appetite for the greenback deteriorated in the wake of a speech by European Central Bank President Mario Draghi, which raised confidence in the euro zone’s economic recovery and supported the shared currency.

US Dollar Drops Against Euro as Disappointing Economic Release Kicks off Busy Data Week

The US dollar fell against the euro and the Canadian dollar on Monday, to begin a week busy with major economic releases on a negative note. The greenback weakened in the wake of a disappointing reading for the growth of durable goods orders today, which further signaled a loss of economic momentum that weighed on the US dollar in recent weeks.

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