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Euro Falls on Weak Eurozone PMIs, Recovers After US Services PMI Disappoints

The euro today fell to its daily lows early in the European session amid a flurry of disappointing services PMI releases from across the euro area by IHS Markit. The EUR/USD currency pair late recovered and rallied to its daily highs after the US ISM non-manufacturing PMI fell to multi-year lows.

Euro See-Saws on Mixed Eurozone Data, Rallies on Weak US ISM Report

The euro today see-sawed between gains and losses in reaction to mixed data from across the eurozone but spiked higher in the early American session. The EUR/USD currency pair broke out of the bearish range it had been trapped in and rallied after the release of weak US ISM manufacturing PMI report.

Euro Struggles to Stay Above 1.10, Spikes Higher on Weak US Data

The euro today struggled to break and stay above 1.10 when trading against the US dollar given yesterday’s decline and subsequent sideways trading range. The EUR/USD currency pair reacted positively to Germany’s IFO data but struggled to break decisively above the level until the weak US consumer data triggered a spike above the level.

Brazilian Real Gains on US Dollar After Services PMI Report

The Brazilian real gained on the US dollar today. And while the greenback was soft by itself, domestic macroeconomic data also helped Brazil’s currency.

Euro Rallies on Christine Lagarde’s Testimony and Weak Dollar

The euro today rallied higher following comments made by Christine Lagarde who has been nominated to head the European Central Bank. The EUR/USD currency pair today extended yesterday’s recovery as the US dollar remained on the back foot due to weak American releases.

US Dollar Flat As Weak Manufacturing Data Raises Recession Fears

The US dollar is trading flat against a basket of currency rivals to kick off the holiday-shortened trading week. Financial markets took a dive on recent data that suggests the nation’s manufacturing sector is contracting amid the lingering US-China trade war. But there are other factors that are contributing to the index’s weakness as of late, which still might not convince the bulk of investors.

Canadian Dollar Soft on Weak Manufacturing, Falling Crude Oil Prices

The Canadian dollar was soft today, dragged down by weak manufacturing data and plunging crude oil prices. The loonie did not perform that bad, though, considering all the negative factors influencing the currency.

Euro Mostly Little Changed Despite Dismal Manufacturing PMIs

The euro was little changed for the most part on Monday. While the currency fell versus some of its rivals, it managed to gain on the Great Britain pound. Overall, the euro’s performance was fairly good considering that manufacturing indices were rather bad in the most regions of the eurozone, except for France, as well as in the whole eurozone itself.

Japanese Yen Firm on PMI Figures, Cautious Market Sentiment

The Japanese yen was firm today as the market sentiment turned cautious. Some of domestic macroeconomic releases were also helpful to the currency.

Euro Rallies Amid US Dollar Sell-Off Driven by Rising Trade Tensions

The euro today rallied higher against the US dollar as investors fled the greenback and US equity markets in favour of riskier assets such as the single currency. The EUR/USD currency pair today rallied above the crucial 1.1200 level as investors piled into the currency given the US dollar’s crash in the face of rising trade tensions.

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