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Euro Falls on ECB Rate Decision and Dovish ECB Strategic Review

The euro today crashed to new monthly lows against the US dollar after the European Central Bank announced its rate decision and strategic review. The EUR/USD currency pair today fell to lows last seen on 2nd December 2019 amid a risk-averse market environment that saw most European equity indices close the day lower.

Euro Range-Bound as Selling Pressure Abates Despite USD Strength

The euro today traded sideways against the US dollar as the selling pressure abated as investors reacted to the calming of tensions between the US and Iran. The EUR/USD currency pair today attempted to rally unsuccessfully and was mostly stuck in slightly negative territory for most of today’s session despite upbeat German industrial data.

Euro Falls Against the Strong Dollar Despite Upbeat Eurozone PMIs

The euro today fell against the US dollar on the first trading day of 2020 as the greenback started the year on a strong footing and rallied higher. The EUR/USD currency pair today fell from the multi-month highs hit on December 31st despite the release of mostly upbeat euro area PMI reports by Markit Economics.

Euro Inches Higher On In-Line Eurozone GDP and Weak Dollar

The euro today inched higher against the US dollar driven by the latest eurozone GDP data, which met expectations, and positive market sentiment. The weaker greenback also fueled the EUR/USD currency pair’s gains as investors remained sceptical about the possibility of a US-China trade deal.

US Dollar Mixed on October Retail Sales, Manufacturing Index

The US dollar is struggling to find direction against multiple currency rivals at the end of the trading week. The greenback is trading sideways after new retail sales, manufacturing, and trade data showed a mixed portrait of the national economy last month.

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.

US Dollar Rises on Housing, Q2 GDP

The US dollar is gaining on several major currency rivals toward the end of the trading week, buoyed by the latest housing data and the final gross domestic product (GDP) figure for the second quarter. The buck’s downward performance in recent sessions had been driven by geopolitics, from the US-China trade war to tensions in the Middle East.

Euro Rallies Higher as France Pushes for Fiscal Stimulus Measures

The euro today rallied higher against the US dollar as investors bid up the single currency lifting it away from yesterday’s lows triggered by the FOMC decision. The EUR/USD currency pair today rose steadily as the markets reacted to comments from the French calling for immediate fiscal stimulus measures.

Pound Recovers as BoE Maintains Its Monetary Policy Stance

The Sterling pound today rallied from its daily lows after the Bank of England maintained its current monetary policy stance by leaving interest rates unchanged. The GBP/USD currency pair had fallen to its daily lows following the release of the latest UK retail sales data early in the London session.

Canadian Dollar Falls Against US Peer on Weak Crude Oil Prices

The Canadian dollar today broke down against the US dollar as global crude oil prices fell following the absence of more output cuts by the OPEC and its allies at today’s meeting. The USD/CAD rallied higher during the American session as oil prices fell causing the commodity-linked loonie to weaken against the greenback.

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