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US Dollar Declines on Friday, Heads to End Week Flat

The US dollar extended yesterday’s decline today, heading to end the week flat versus most of its major rivals.

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.

NZ Dollar Dives After RBNZ Keeps Rates on Hold

The New Zealand dollar slumped against its major rivals today, falling to the lowest level since December versus its US counterpart, after the Reserve Bank of New Zealand kept interest rates unchanged and expressed dovishness in its statement.

US Dollar Stays Volatile as Traders Speculate About Fed Policy

The US dollar remained extremely volatile following yesterday’s Federal Reserve meeting. The currency was soft at start of today’s session but attempted to rally later. As a result, the greenback was mixed today.

Euro Posts Slight Decline on Disappointing Eurozone CPI Data

The euro today registered a slight decline against the US dollar following the release of the Eurozone Consumer Price Index data in the early European session. The EUR/USD currency pair began today’s session in positive territory and had rallied to highs above 1.2000 before trimming some of its gains after the CPI release.

Canadian Dollar Gains as Canada’s Economy Recovers

The Canadian dollar rallied against its major peers, though failed to gain on the US dollar, after the Canadian economy rebounded stronger than expected from the previous decline.

US Dollar Continues to Demonstrate Strength Ahead of Fed Announcement

The US dollar continued to demonstrate strength today, gaining for nine times in 11 days against the euro. Trading was thinner than usual during the current trading session as markets in many countries were closed for the May Labor Day.

Australian Dollar Reverses Gains After RBA Stands Pat

The Australian dollar attempted to rally intraday but halted its advance after the Reserve Bank of Australia announced its monetary policy decision.

Dollar Continues to Get Support from Interest Rate Hike Expectations

The US dollar was very strong on Monday as traders continued to bet on another interest rate hike from the Federal Reserve in the near future.

Pound Plunges as Economic Growth Slows Beyond Expectations

The Great Britain pound took a beating today as the vast majority of macroeconomic reports released over the Friday’s trading session were very disappointing. Markets primarily focused on the slowing economic growth, though other indicators were not impressive either.

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