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US Dollar Loses Earlier Gains Against Euro Ahead of Anticipated Economic Data

The US dollar lost earlier gains against the euro on Tuesday, ahead of a stream of economic releases occurring tomorrow that raised anticipation and reduced investors’ appetite for risk. The market also eyed the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday, which might provide some hints on Trump’s international trade policies.

US Dollar Steadies on Dovish Comments from Federal Reserve Official

The US dollar was little changed against the euro on Friday, as dovish comments from an official in the Federal Reserve prevented the greenback from moving higher. Economic data in the United States today lacked enough strength to support the US currency as it declined against the British pound and the Japanese yen.

US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data

The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday.

US Dollar Falls Against Major Peers on Concerns About Trump Administration

The US dollar retreated against its main counterparts on Monday to touch its lowest level in 7 weeks, as concerns grew between traders that the economic plans of the Donald Trump administration might face difficulties.

US Dollar Trades near Lowest Level in More Than a Month

An index that tracks the strength of the US dollar traded on Friday near its lowest level since February 6, even as the greenback recovered some of its losses against the euro and the Canadian dollar today. Investors paid little attention to mixed data in the United States today, as anticipation built up for a meeting between the finance ministers of the Group of Twenty.

USD/JPY Declines After Release of US Consumer Confidence data

The USD/JPY currency pair today declined significantly after the release of the University of Michigan preliminary consumer confidence index, which indicated that the headline index had beat expectations. Despite the strong data from the US, the US dollar continued to perform poorly against the Japanese yen for the better part of the day.

US Dollar Maintains Losses Despite Higher Interest Rates from Federal Reserve

The US dollar maintained its losses for the second day on Thursday, after a surprising drop against most of its major peers yesterday following an interest rate hike from the Federal Reserve. A number of economic releases revealed mixed data today, which forced the greenback to trade within a tight range.

British Pound Spikes After BoE Monetary Policy Statement

The British Pound today spiked against its main competitors after the Bank of England monetary policy statement even as the bank hinted at a less dovish outlook. The British pound rallied after the BoE’s Monetary Policy Committee maintained the rate decision and its asset purchase target at the same level, but issued a slightly hawkish economic outlook.

US Dollar Climbs Ahead of Federal Reserve Decision on Interest Rates

The US dollar gained strength against the euro and other major counterparts on Tuesday, as the greenback recovered from its losses on Friday. High anticipation for an interest rate hike from the Federal Open Market Committee tomorrow cleared the way for the US dollar to move higher at a time when other major currencies were held down by monetary and geopolitical forces.

Great Britain Pound Rallies During Monday’s Session

The Great Britain pound rallied during Monday’s trading session as traders were waiting for the news about the Brexit as well as the Bank of England and the Federal Reserve’s policy decisions scheduled to be announced later this week.

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