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EUR/USD Pair Falls From Daily Highs on Upbeat US Retail Sales

The euro today fell against the US dollar in the American session following the release of upbeat US retail sales data. The EUR/USD currency pair fell from its daily highs giving up all the gains made earlier in the session as the Dollar Index soared.

Franc Mixed as Market Sentiment Stabilizes, Domestic Data Supports

The Swiss franc was mixed today, rising against some currencies, staying flat versus others, and crashing against the US dollar and the Japanese yen. The market sentiment was stabilizing following yesterday’s risk aversion, limiting the appeal of safe currencies. Domestic macroeconomic data was positive and helpful to the Swissie.

Macroeconomic Data Makes Aussie Fall for Third Straight Session

The Australian dollar declined against all of its most-traded peers today despite the stabilizing market sentiment that was helping riskier currencies linked to commodities. The Aussie fell for third consecutive trading session versus most of its rivals, while against some it posted even a longer stretch of declines. Macroeconomic data was negative to the currency.

Japanese Yen Rises, Gains Limited by Lack of Demand for Safe Haven

The Japanese yen traded either flat or higher against other most-traded currencies today, but gains were nowhere near enough to reverse yesterday’s losses. Markets calmed down after a bout of fear caused by escalating tensions in the Middle East, limiting demand for safe-haven currencies.

US Dollar Sideways as Key Manufacturing Index Slumps to 10-Year Low

The US dollar is trading sideways at the end of the trading week as the manufacturing sector continues to slump at a decade-low. Can the manufacturing industry turn things around in 2020 as the US and China gradually wind down their 18-month trade dispute? From trade certainty to the White House’s aim for a weak dollar policy, American manufacturers may have a rebound year.

Euro Falls on Risk-Off Mood, Ignores German CPI Data, Later Recovers

The euro today fell against the US dollar driven by the risk-off sentiment that ensued after the US killed a top Iranian general earlier today spooking investors. The EUR/USD currency pair ignored the release of upbeat German inflation data but later recovered as the greenback lost momentum in the American session.

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.

Australian Dollar Logs Gains, Analysts Skeptical

The Australian dollar logged gains against the majority of other most-traded currencies today. Market analysts explained gains of riskier commodity currencies by the rise of European stocks due to the preliminary trade agreement between the United States and China. Experts were skeptical, though, about the longevity of the gains as the US-China trade conflict is not over yet, and there are other reasons to worry, like the threat of hard Brexit and impeachment of US President Donald […]

US Dollar Flat Amid Higher Industrial Output, Housing Starts

The US dollar is relatively flat against most major currency rivals on Tuesday, despite some positive news for the world’s largest economy. The latest data helped legitimize the bulls’ views that the US economy is strong and resilient, thanks to higher industrial production, housing starts, and manufacturing activity. With only two weeks left in the year, investors are bracing for the final gross domestic product (GDP) reading for the third quarter, […]

Pound Rallies Then Falls on Weak PMIs and Profit Taking

The pound today rallied briefly against the US dollar before falling to its daily lows as traders continued to take profits from the post-election rally. The GBP/USD currency pair was also affected by the weak PMI data released by Markit Economics in the London session and Brexit optimism.

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