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Euro Falls on Mixed Trade Headlines, Rallies on Weak US Jobs Data

The euro today fell amid conflicting trade headlines as investors continued to wonder whether the US and China would seal a phase one deal any time soon. However, the EUR/USD currency pair rallied higher in the early American session after the latest US jobs data released by the ADP missed expectations by a wide margin.

Great Britain Pound Sinks on Extremely Poor PMIs

The Great Britain pound was the worst-performing major currency today, falling against all other most-traded rivals. The currency was heading to the biggest weekly loss in almost three weeks. The reason for the poor performance were extremely poor PMI figures, which made economists speculate that Britain’s economy will face a contraction in the fourth quarter of this year.

US Dollar Strengthens on Positive Manufacturing, Consumer Sentiment

The US dollar is strengthening against several major several currency rivals at the end of the trading week, buoyed by upbeat economic data. Investors took a day off from the never-ending seesaw of US-China trade relations that markets had to endure for the last several sessions.

Euro Falls on Mixed PMI Reports From Across the Euro Area

The euro today fell against the much stronger US dollar as investors reacted to mostly negative IHS Markit preliminary services PMI reports from across the eurozone. The EUR/USD currency pair today attempted to rally higher on positive French and German manufacturing PMIs, but the rally was short-lived due to the weak services PMIs.

Euro Drops as Draghi Defends His Legacy After ECB Rate Decision

The euro fell against the US dollar in the American session following a spike higher shortly after the announcement of the European Central Bank‘s rate decision. The EUR/USD currency pair rallied to its daily highs in the early European session on mixed IHS Markit flash PMI releases from the euro area but later fell.

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.

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