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Chinese Yuan Tries to Find Direction on Slowing GDP, Strong Data

The Chinese yuan is struggling to find direction to kick off the trading week after economic growth slowed to its lowest level in nearly three decades. But it was not all bad news for the world’s second-largest economy as an influx of data came in better than expected, giving the yuan some support.

Pound Soft on Contracting Construction, Carney’s Comments

The Great Britain pound was one of the weakest currencies on the Forex market during Tuesday’s trading session. The likely reasons for that were poor domestic macroeconomic data and comments from the central bank’s chief.

Aussie Declines for Fifth Session on RBA Interest Rate Cut Prospects, Economic Data

The Australian dollar fell today, declining for the fifth consecutive trading session versus such majors as the US dollar and the Japanese yen. While the Aussie also fell against the euro initially, the shared currency of the eurozone has lost its gains by now. The reasons for the decline of Australia’s currency were the prospects for additional interest rate cuts from the Reserve Bank of Australia and unfavorable Australian macroeconomic data released during the Tuesday’s session.

Great Britain Pound Attempts to Recover After Starting Session Weak

The Great Britain pound is currently attempting to recover after starting trading very weak. The sterling was soft due to the downgrade of economic forecasts and persisting concerns about probability of a “hard” Brexit.

Pound Rises amid Calm Trading, Housing Data Supports

The Great Britain pound rose today in absence of any significant news after the Brexit extension till October 31. Positive domestic macroeconomic data might have helped the currency a bit.

Pound Rallies on Domestic Data, Brexit Optimism

The Great Britain pound preserved at the beginning of the Thursday’s trading session gains it has achieved on Wednesday. The currency’s good performance was a result of largely positive domestic macroeconomic data and the hopeful outlook for the Brexit.

Australian Dollar Falls with House Prices

The Australian dollar was among the weakest currencies during the Tuesday’s session, falling together with house prices. The monetary policy minutes from the central bank did not reveal anything that could help the currency.

Sterling Opens Higher, Continues to Rise vs. US Dollar & Yen

The Great Britain pound opened sharply higher today. While it has backed off closer to the Friday’s close against some peers, the sterling continued to move higher versus such currencies as the US dollar and the Japanese yen.

Pound Under Pressure from Poor Housing Data, Brexit Worries

The Great Britain pound declined today, dragged down by poor performance of the housing market and Brexit worries. The currency fell versus all of its most-traded rivals, including the Japanese yen, which itself was soft.

Pound Trades Strongest After Theresa May Wins Confidence Vote

The Great Britain pound was the strongest major currency on the Forex market during Thursday’s trading after UK Prime Minister Theresa May won the confidence vote on Wednesday.

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