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Pound Rallies Despite Brexit Headlines, Falls on Powell’s Testimony

The Sterling pound today rallied higher against the US dollar extending a 3-day winning streak by riding on yesterday’s momentum created by the positive UK GDP figures. The GBP/USD currency pair later fell during the American session as the Fed Chair Jerome Powell testified before the Senate housing committee where he reiterated his hawkish stance.

Euro Falls on Coronavirus News and US-EU Economic Divergence

The euro today fell to new 2020 lows against the much stronger US amid a risk-off market environment dominated by headlines of new coronavirus infections. The EUR/USD currency pair’s decline was accelerated by Friday’s positive US non-farm payrolls report, which showed diverging performance between the two economies.

Euro Hits New 2020 Lows on Mixed German Data, Ahead of US NFP

The euro today fell to new 2020 lows against the US dollar in the early European session following the release fo mixed data from the German docket. The EUR/USD currency pair fell through significant support levels to hit a 4-month low driven by a risk-averse market environment ahead of the crucial US non-farm payrolls report.

Pound Crashes on Weak UK Retail Sales Report and US-Iran Tensions

The Sterling pound today crashed against the US dollar in the early London session following the release of the disappointing latest UK retail sales report. The GBP/USD currency pair had been trading higher before the release boosted by upbeat investor sentiment before nosediving to its daily lows after the announcement.

Euro Falls on Trade Headlines and US CPI Amid Empty European Dockets

The euro today fell against the US dollar driven by a lack of macro releases from across the euro area and the resurgent greenback. The EUR/USD currency pair later rallied from its daily lows despite the release of mostly in-line US inflation data in the American session.

Pound Falls Against the Dollar on US-Iran Tensions and Weak UK PMI

The Sterling pound today fell against the US dollar as tensions between the US and Iran escalated overnight and investors dumped riskier assets such as the pound. The GBP/USD currency pair has given up most of the gains made in December following Boris Johnson‘s landslide election win that saw the pair spike to multi-month highs.

Sterling Pound Rallies to 2-Week Highs on New Year’s Eve

The Sterling pound today rallied to 2-week highs against the US dollar on the last trading day of 2019 as investors bid up the pound and sold the greenback. The GBP/USD currency pair rallied higher despite threats from the European Union that the December 2020 deadline is inadequate to complete negotiations with the UK.

Pound Hits 7-Day High on Santa Claus Rally and USD Weakness

The Sterling pound today rallied against the US dollar as the Santa Claus rally kicked into full effect in the absence of any significant fundamental releases. The GBP/USD rallied to new 7-day highs as the greenback fell against most of its peers as investor risk appetite soared.

Euro Falls Then Attempts to Rally on Christmas Eve

The euro today fell against the US dollar amid thin holiday trading conditions ahead of tomorrow’s Christmas holiday celebrations. The EUR/USD currency pair’s performance was not influenced by any significant fundamental news but was primarily driven by investor sentiment.

USD/CAD Pair Falls to 6-Week Lows as Loonie Rallies Against Weak Dollar

The Canadian dollar today rallied against the US dollar in a move that was primarily attributed to the greenback’s overall weakness against most of its peers. The USD/CAD currency pair fell to new 6-week lows as the loonie rallied against a much weaker dollar driven by the improved investor risk appetite.

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