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Australian Dollar Weak After RBA Minutes, House Price Index

The Australian dollar fell today, being one of the weakest currencies on the Forex market during Tuesday’s trading. That is despite the relatively upbeat economic outlook of the central bank and better-than-expected housing data.

Great Britain Pound Gains on Lockdown Exit Hopes

The Great Britain pound rallied today, gaining against all other most-traded currencies. The main driver for the sterling’s gains was hope that Britain will exit the lockdown sooner rather than later. Domestic macroeconomic data was also helpful to the currency.

USD/CNY Flat As Investors Brace for 2020 GDP After Exports Soar

The Chinese yuan is trading relatively flat against its US peer to close out the trading week. China cheered the news that exports popped in December, but all eyes will be on Monday’s gross domestic product (GDP) data for the fourth quarter. Beijing is expected to be one of the few major economies to report growth in 2020, despite being ground zero for the coronavirus pandemic.

Great Britain Pound Ends Friday Strong

The Great Britain pound was one of the strongest major currencies on Friday despite plenty of negative fundamentals that were weighing on the currency. Over the week, though, the sterling kept losses versus most of its major peers.

Pound Rallies on Brexit Deal Vote, COVID-19 Vaccine and New Lockdown

The Sterling pound today rallied higher against the dollar boosted by the UK Parliament’s vote to implement the post-Brexit trade deal agreed with the EU. The GBP/USD currency pair’s gains were limited by the rising coronavirus cases driven by the virus’s more virulent strain and new lockdown measures.

NZ Dollar Strongest After Letter from Finance Minister to RBNZ

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today. The most likely reason for such a great performance was the request made to the central bank’s chief by the finance minister.

Canadian Dollar Rallies on Surging Oil Prices and Retail Sales Data

The Canadian dollar today rallied against its US peer boosted by the global crude oil prices kept rising and were on track to close higher for the week. The USD/CAD currency pair fell for the third consecutive session as the loonie rallied following the release of upbeat Canadian retail sales data for September.

Sterling Pound Rallies As UK Govt Prepares for No-Deal Brexit

The Sterling pound today rallied against the dollar on positive investor sentiment before falling on Brexit jitters after comments from the Irish government. The GBP/USD currency pair later rallied even after the UK said that it was actively preparing for a no-deal Brexit scenario as the October 15 deadline approaches.

Chinese Yuan Extends Winning Streak, Tests 6.8 on Liquidity

The Chinese yuan is extending its winning streak against the US dollar to start the trading week, driven by a liquidity injection and a recovering economy. A slumping greenback further contributed to the yuan’s ascent, allowing the currency to soon test 6.8, which would be the first time since June 2019.

Sterling Pound Falls Against the Dollar on Dovish BoE Speeches

The Sterling pound today fell against the US dollar following dovish speeches from Bank of England policymakers regarding the British economy and monetary policy. The GBP/USD currency pair kept falling despite the release of weak US jobs data as markets interpreted the BoE’s willingness to take extra easing measures negatively.

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