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Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines

The euro today opened higher against the US dollar following the disappointing US unemployment data released on Friday. The single currency rallied higher ahead of Mario Draghi‘s speech, but later declined due to a resurgence in demand for the US dollar in the American session.

Euro Declines Against US Dollar on Positive US Import Data

The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated by disappointing German ZEW survey data, released early in the European session.

Australian Dollar Struggles to Keep Gains, Data Weighs

The Australian dollar rallied today, following yesterday’s policy statement from the Federal Reserve. The currency struggled to maintain gains, though, as today’s macroeconomic data was unfavorable.

US Dollar Trades Within Tight Range Against Euro on Mixed Economic Releases

The US dollar edged slightly lower against the euro on Wednesday, as fresh economic data in the United States painted a mixed image of the economy a single day ahead of gross domestic product data. An index of the US dollar’s strength against a basket of major currencies posted a bigger loss today amid broader declines versus the British pound and the Canadian dollar.

Euro Attempts to Bounce Despite Disappointing Economic Reports

The euro is trading below the opening level against most of its major rivals currently, but is showing tendency to rebound and was actually able to erase losses versus the US dollar completely. The bounce seems to follow the release of eurozone macroeconomic data, but that in no way looks justified as the indicators were disappointing for the most part.

Canadian Dollar Retreats as Weak Chinese Data Weighs on Metal Prices

The Canadian dollar weakened against its US counterpart on Monday, after a decline in metal prices forced the loonie to erase some of its gains on Friday. Positive data for housing starts in April, which were released earlier today, failed to yield gains for the Canadian currency.

China’s Trade Data Weighs on Aussie

The Australian dollar halted its impressive rally today, falling 1 percent against the Japanese yen, after the release of China’s trade data. Positive domestic data was unable to aid the Australian currency.

Australian Dollar Driven by News from China & Europe

The Australian dollar ticked down against its US peer but gained on the euro and the Japanese yen during Monday’s trading. The currency was mostly driven by the news from Europe and China.

Euro Attempts to Rally, Fails

The euro attempted to rally against the US dollar on Monday but did not follow through with the rally on Tuesday. The shared eurozone currency also gained on the Japanese yen but fell against most other major counterparts.

Aussie Falls to Lowest since 2009 vs. US Dollar

The Australian dollar fell today, sinking to the lowest level since July 2009 against its US counterpart and reaching the lowest since March 17, 2014, versus the Japanese yen. The currency declined due to Australia’s economic data that was not particularly good.

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