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Euro Struggles to Rally Amid Davos Forum and Coronavirus Threat

The euro today struggled to rally against the US dollar as the World Economic Forum drags on in Davos, Switzerland. The EUR/USD currency pair today fell to new 2020 lows before recouping its losses as investors grappled with the emerging risk posed by the Coronavirus.

US Dollar Strengthens As Federal Reserve Leaves Interest Rates Unchanged

The US dollar is strengthening against most major currency rivals midweek as the Federal Reserve left interest rates unchanged amid a strong national economy. The greenback is also reacting to higher price inflation and a robust housing market.

US Dollar Rallies on Federal Reserve’s Cuts to Interest Rates

The US dollar is rallying on Wednesday afternoon after the Federal Reserve cut interest rates for the third time this year. But the big news coming out of the Federal Open Market Committee (FOMC) policy meeting was the central bank indicating that it is hitting the pause button on rate cuts. The third-quarter gross domestic product (GDP) was also in the spotlight leading up to the October meeting.

US Dollar Mixed Ahead of October Federal Reserve Meeting

The US dollar is trading mixed against multiple currencies on Tuesday ahead of the Federal Reserve kicking off its two-day October policy meeting where it is widely expected the central bank will cut interest rates for the third time in 2019. While the buck did find refuge in positive housing data, investors’ attention will be on quarterly gross domestic product (GDP) numbers, manufacturing data, and the October jobs […]

US Dollar Flat As Capital Goods, New Home Sales Disappoint Markets

The US dollar is trading relatively sideways against some of its biggest currency rivals to close out the trading week. The latest release of US economic data is disappointing markets, which is raising the probability of another quarter-point decrease to interest rates in October. For now, investors might be adopting a wait-and-see approach to trading the buck prior to next week’s important Federal Reserve policy meeting.

US Dollar Rises As Investors See Progress in China Trade Talks

The US dollar is rising at the end of the trading week, driven by investors witnessing progress in the latest principal-level US-China trade negotiations. Markets do not expect that a comprehensive trade agreement, but investors think that both sides are open to a mini-deal that would pause the trade war. This would provide markets with some relief and certainty entering into 2020.

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.

US Dollar Strengthens As Wholesale Prices Fall

The US dollar is strengthening on Tuesday after the US government reported that wholesale prices slumped last month, defying market forecasts. Investors are also waiting for the Federal Reserve minutes from its September policy meeting, as well as bracing for this week’s tumultuous renewed US-China trade negotiations in Washington.

US Dollar Mixed As Unemployment Rate Falls to 50-Year Low

The US dollar is mixed at the end of the trading week after the US government reported that the labor market is showing some resilience as the economy – at home and abroad – cools down.

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.

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