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Japanese Yen Soft as Market Sentiment Favors Risk

The Japanese yen was weak today as the market sentiment continued to favor riskier currencies, not safer ones. Domestic macroeconomic data provided the currency no help, coming out withing expectations and signaling about the persisting weakness of the Japanese economy.

Australian Dollar Mixed After Positive Australian Data, Disappointing Chinese Reports

The Australian dollar gained on other commodity currencies but was mixed against other most-traded peers today. The market sentiment was calm and domestic macroeconomic data was helpful to the Aussie. But economic reports in China, Australia’s biggest trading partner, were not particularly impressive, weighing on the Aussie a bit.

Canadian Dollar Weakens on Falling Crude Prices, Disappointing Exports

The Canadian dollar is weakening against multiple currency rivals midweek as energy prices are hitting the loonie. President Donald Trump confirmed that Iran is “standing down” in the intense Middle East conflict, sending futures plunging. The loonie was also impacted by disappointing export data. Despite being one of the top-performing G20 currencies, the Canadian dollar has had a rough start to 2020.

Yen Loses Gains Caused by Iran’s Attack on US Military Bases

The Japanese yen surged intraday on the news that Iran attacked US military bases in Iraq. But the resulting risk aversion waned quickly as investors continued to hope that the United States and Iran will avoid war. Reacting to such hopes, the yen reversed its gains and is now trading below the opening level. Domestic macroeconomic data was not helpful either as reports were not particularly good, and some of them […]

Swiss Franc Strong as Conflict Between USA & Iran Heats Up

The Swiss franc was generally strong today as tensions between the United States and Iran continued to escalate.

Yen Rallies After Attack on Two Oil Tankers in Gulf of Oman

The Japanese yen rallied today after two oil tankers were supposedly attacked in the Gulf of Oman, leading to a surge of risk aversion on markets. Currently, the currency has trimmed its gains.

Canadian Dollar Rises with Crude Oil, Gains Capped by BoC Worries

The Canadian dollar gained against other most-traded currencies today thanks to a big rally of crude oil. But gains were limited as market participants were waiting for the monetary policy decision of Canada’s central bank later this week.

Euro Heads Higher, Even as Global Stocks Tumble

Euro is heading higher today, even though global stocks are falling and there is some risk aversion entering the markets. Gold prices are on the rise, though, and that seems to be providing a bit of a boost to the 19-nation currency.

Loonie Drops, Even with Higher Oil Prices

Canadian dollar is heading lower today, despite the fact that oil prices are finally on the rise again. With so much risk aversion, the loonie is down in large part due to a desire to shore up with safe haven currencies as the markets struggle.

Canadian Dollar Follows Crude Oil Prices

The Canadian dollar sank during Tuesday’s trading but bounced to trade basically flat against its major peers. The moves of the currency followed the moves of crude oil prices after the Iranian nuclear deal was announced.

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