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Euro Drops Against a Strong US Dollar Amid Mixed Eurozone Data

The euro today registered a significant drop against the US dollar from the mid-European session following high demand for the greenback boosted by higher US Treasury yields. Mixed data from a cross the Eurozone such as the weak German GDP data released earlier today also contributed to the euro’s weakness against the greenback.

Australian Dollar Stable After RBA Minutes & China’s Data

The Australian dollar was rather stable today, rising against some rivals and falling versus others, but only just a little bit. Fundamentals were somewhat mixed, giving the currency no help in finding direction. Among important events during the current trading session were the policy minutes from the Reserve Bank of Australia and China’s macroeconomic releases.

British Pound Drops Against US Dollar on BoE Rate Decision

The British pound today dropped significantly against the US dollar after the Bank of England left its monetary policy unchanged to the disappointment of many investors. The GBP/USD currency pair had initially rallied higher in the early European session despite the release of weak UK trade balance data in anticipation of the BoE rate decision.

EUR/USD Rallies From New 2018 Lows on Positive Market Sentiment

The EUR/USD currency pair today rallied from a new 2018 low set in the late Asian session based on improved investor sentiment towards the single currency. The currency pair’s rebound from its lowest levels since December 22 could have been triggered by technically oversold levels, which led to widespread short-covering trades.

Euro Falls to New Lows on Fed Chair Jerome Powell’s Speech

The euro today fell to new lows against the US dollar following Federal Research Chairmam, Jerome Powell‘s speech in Zurich during the early European session. The euro’s downtrend extended into the American session as demand for the US dollar increased driven by buying pressure from American traders.

Japanese Yen Rallies Undisturbed by Detrimental Fundamentals

The Japanese yen was little changed against the US dollar but gained on other major rivals today. That was a surprising performance as fundamentals did not look supportive to the currency.

Aussie Falls As RBA Hints at No Interest Rate Hike in Near Future

The Australian dollar was somewhat soft on Tuesday after the release of policy minutes by the Reserve Bank of Australia. Macroeconomic data from China, Australia’s biggest trading partner, did not help the currency, being rather mixed.

GBP/USD Declines on Mixed UK Jobs Report and Upbeat US Housing Data

The GBP/USD currency pair today traded lower after the release of mixed UK labour market report in the early European session. The currency pair cemented its losses during the early American session after the release of upbeat US housing data amid a resurgence in US dollar demand.

Euro Declines Against US Dollar on ECB Minutes and US Jobless Data

The euro today dropped significantly against the US dollar after the European Central Bank released the minutes of its latest monetary policy meeting. The single currency’s decline started in the Asian session due to the imminent risk of an escalation in Syria involving the USA and Russia.

British Pound Drops Slightly on Mixed UK Economic Releases

The British pound today dropped slightly against the US dollar following a deluge of mixed releases from the UK docket including the crucial manufacturing production data. The GBP/USD’s decline was further accelerated by profit taking as most traders closed their trades following the currency pair’s massive rally, which started on Friday last week.

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