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Canadian Dollar Extends Gains Against US Dollar Boosted by Oil Prices

The Canadian dollar rallied against its Southern neighbor driven by the recovery in global crude oil prices, which had trended lower earlier. The USD/CAD currency pair fell to new lows as the greenback fell along with declining US Treasury yields as riskier currencies and assets rallied higher.

Euro Edges Higher Against Dollar Reversing 3-Day Slump on Upbeat Mood

The euro today inched higher against the US dollar reversing a 3-day downtrend fueled by the positive investor sentiment but posted slight gains. The EUR/USD currency pair ended up trading largely sideways albeit with a bullish bias amid rising coronavirus cases as euro area countries extend lockdowns.

Euro See-Saws Against Dollar on Weak German ZEW Survey Data

The euro today oscillated between gains and losses against the US dollar falling on weak eurozone macro releases and rising as the greenback fell. The EUR/USD currency pair appeared to lose its bullish momentum today and traded sideways following yesterday’s decline.

Euro Falls, Rallies, Then Falls Again While Trading Against the Dollar

The euro today fell against the US dollar driven by the risk-off investor sentiment, which fueled the greenback’s resurgence coupled with Friday’s upbeat US non-farm payrolls. The EUR/USD currency pair later found support and rallied higher amid improving sentiment as investors hoped for a resolution of the impasse on the US stimulus bill in Congress.

US Dollar Holds Steady As Retail Sales Crash Worse Than Expected in April

The US dollar is holding steady to finish the trading week as investors comb through the worse-than-expected retail sales report for April. The greenback’s endurance was further tested on bleak industrial and manufacturing numbers, lending credence to the Federal Reserve’s gloomy assessment that the US economy’s road to recovery will be a long and slow one. So, why is the buck not plummeting on Friday?

Canadian Dollar Sideways Amid Lower Crude Prices, BOC Comments

The Canadian dollar was unable to keep the momentum from last week’s strong jobs report, and the loonie could not get a boost on Monday on bullish comments from the head of the Bank of Canada (BOC). Investors might find direction in the results of Tuesday’s US midterm elections, as well as some American and Canadian economic data this week.

Euro Rallies Higher on Market-Wide US Dollar Retracement

The euro today rallied higher against the US dollar following the market-wide selling of the US dollar, which boosted most of its peers. The EUR/USD currency pair rallied higher from the early European session despite the release of mixed data from the German docket.

Euro Hits 4-Month Lows Against US Dollar on Draghi Speech

The euro today hit new 4-month lows against the US dollar after Mario Draghi‘s speech at the European Central Bank‘s Forum on Banking Supervision in Frankfurt. Higher demand for the US dollar also contributed to the EUR/USD currency pair’s decline as the US Dollar Index traded at new highs during today’s session.

British Pound Rallies Against US Dollar on Positive UK Inflation Data

The British pound today rallied to new yearly highs against the US dollar after the release of headline UK inflation data, which beat expectations, early in the European session. The stronger US dollar, as tracked by the US Dollar Index, could not derail the pound’s strong rally even as US treasury yields rallied higher.

USD/CAD Rallies Higher Despite Positive Canadian Housing Starts Data

The Canadian dollar today weakened against the US dollar despite the release of positive Canadian housing starts data by the Canada Mortgage and Housing Corporation. The loonie tried to rally against the greenback after the release, but the greenback rallied higher after the release of the US JOLTS job openings report.

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