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Chinese Yuan Weakens As Forex Reserves, Exports Unexpectedly Rise

The Chinese yuan is weakening to kick off the trading week as the nation’s foreign exchange reserves and exports unexpectedly rose in May. With the balance of trade numbers being higher than what the market had anticipated, it might play a role in the US-China trade war, which is dragging out and could linger into the holiday season.

US Dollar Mixed on Widening Trade Deficit, Higher Initial Jobless Claims

The US dollar is mixed against a basket of currencies on Thursday as data has been both good and bad for the world’s largest economy. With the US-China trade war seemingly worsening, investors have been clamoring for some excellent data to offset the lackluster development in trade talks.

Canadian Dollar Slides on Mixed Data

The Canadian dollar is trading lower against a basket of currencies on Thursday as an influx of mixed data is driving the loonie’s short-term performance towards the end of the trading week. The slumping economy is not giving consumers a ton of confidence, suggesting that they may not be as adamant to consume.

Chinese Yuan Weakens Amid Tariffs, Trade Data

The Chinese yuan is weakening against a basket of currencies midweek as global markets are still reeling from the incoming US tariff hikes on billions in Chinese imports. Beijing has promised it will retaliate, despite reportedly being closer to a new trade agreement. Investors are also combing through new trade data that surprised market forecasts.

Japanese Yen Weakens As Tokyo Braces for US Trade Fight

The Japanese yen is weakening against several major currency rivals at the end of the trading week. With a potential US-Japan trade war on the horizon, investors are frightened that anticipations of shrinking exports could lead to an economic contraction for the world’s third-largest economy. Can Tokyo turn things around before trade talks with Washington begin?

Chinese Yuan Dips Despite Bullish IMF, Exports Forecasts

The Chinese yuan is trading lower against some of its currency rivals midweek. The world’s second-largest economy received a bit of renewed confidence this week as many analysts and investors are optimistic that Beijing could have a strong showing both this week and for the rest of 2019. Is China set to host the running of the bulls again?

Euro Rallies to New Monthly Highs Amid Stable Market Environment

The euro today rallied to new April highs against the US dollar driven largely by positive investor sentiment amid a calm market environment. The EUR/USD currency pair today rallied higher boosted by the selling pressure around the greenback and the shrinking yield spread between US and German bonds.

Chinese Yuan Gains on Trade Talk Momentum, Trade Data

The Chinese yuan is gaining against major currency rivals on Monday as it is being supported by US-China trade talk momentum and better-than-expected January trade data. The yuan’s ascent was capped on disappointing auto sales figures and future industry projections.

Chinese Yuan Sideways on Worse-Than-Expected Trade Data

The Chinese yuan is trading sideways to start the trading week as new worse-than-expected trade data is showing bad signs for the world’s second-largest economy. Last month’s trade woes are leaving investors with the belief that these numbers will only worsen in the coming months.

Euro Spikes Higher on Dovish Fed Comments Before FOMC Minutes

The euro today spiked higher in the early American session following dovish comments by Atlanta Fed President Raphael Bostic, which drove the US dollar lower. The EUR/USD currency was range bound for most of today’s session despite the release of several macro prints from across the eurozone.

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