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Chinese Yuan Strengthens As Investors, Officials Weigh Economy

The Chinese yuan is strengthening midweek as foreign exchange markets are taking a break from combing through data. But investors and officials are weighing decisions that may or may not boost national growth, including in the rural areas of the world’s second-largest economy.

US Dollar Weakens on Retail Sales Plunge, Jobless Claims Jump

The US dollar is weakening against a basket of currencies on Thursday as new data is souring economic outlooks. Retail, inflation, and even jobs impacted the greenback towards the end of the trading week, leaving investors concerned that a contraction is on the horizon.

Euro Declines on Mixed GDP Releases, Rallies on Weak US Retail Sales

The euro today headed lower against the US dollar in the early European session before posting slight gains after the release of in-line eurozone Q4 GDP data. The EUR/USD currency pair later spiked higher following the release of disappointing US retail sales data for December.

Japanese Yen Softens After Disappointing GDP Growth

The Japanese yen fell a bit after the release of a disappointing GDP report and was also under pressure from the risk-on market sentiment.

Chinese Yuan Surges Amid Trade Deal Optimism, Ignores Bearish Reports

The Chinese yuan is surging midweek as investors are optimistic about Washington and Beijing nearing a new trade agreement that would end this year-long standoff between the world’s two largest economies. Although President Donald Trump and President Xi Jinping will not meet prior to the March 1 deadline, both sides are positive that crucial developments can be made in the final days of the trade truce.

Euro Recovers From Yearly Lows on Trade Optimism and US Politics

The euro today dropped to new 2019 lows against the US dollar in the early European session as the selling pressure on the single currency mounted. The pair reversed its losses later in the session as investor sentiment shifted and the US dollar gave up some of its earlier gains.

Chinese Yuan Weakens As Q1 GDP Expected to Slow to 6%

The Chinese yuan is weakening to kick off the trading week as a state-run newspaper anticipates economic growth to slump to a historically-low level in the first quarter. Investors are also combing through the latest forex exchange reserve data.

British Pound Declines on Weak UK Data as Brexit Jitters Persist

The British pound today dropped to new daily lows in the early European session following the release of weak UK manufacturing and GDP data at that time. The Sterling was further weighed down by the uncertainty surrounding the Brexit issue with only 46 days left before Brexit day.

Japanese Yen Rises As Abe Celebrates BOJ Success

The Japanese yen is making gains against a handful of currencies towards the end of the trading week. Currency investors appear to be bullish on the federal government’s positive tone on the Bank of Japan (BOJ)’s success in the economy. Traders are also sifting through recent reserve data, which showed a dramatic rise from the same time a year ago.

Euro Extends Decline Driven by Weak Growth Forecasts and Data

The euro today extended its decline against the US dollar as investors reacted to more disappointing releases from Germany, which is the EU’s largest economy. The divergence in economic growth trajectories between the US and the EU continues to weigh on investor sentiment towards the EUR/USD currency pair affecting its performance.

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