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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.

US Dollar Mixed on Better-Than-Expected Industrial, Manufacturing Output

The US dollar is mixed against several major currency rivals on Tuesday after the latest industrial and manufacturing output numbers were published. But global financial markets are bracing for the Federal Reserve’s decision on interest rates, which the market is now split on. In the backdrop is low-level US-China trade discussions restarting later this week.

Pound Rallies on Upbeat UK GDP and Positive Brexit Events

The Sterling pound today rallied to new 6-week highs following the release of upbeat monthly UK GDP estimate in the early London session. The GBP/USD currency pair recovered from Friday’s pullback amid renewed investor optimism that a hard Brexit could be avoided.

Canadian Dollar Soft on Weak Manufacturing, Falling Crude Oil Prices

The Canadian dollar was soft today, dragged down by weak manufacturing data and plunging crude oil prices. The loonie did not perform that bad, though, considering all the negative factors influencing the currency.

Pound Rallies as the British Parliament Debates the Benn Bill

The British pound today rallied from new multi-year lows during the London session amid hopes that British leaders would thwart the government’s attempt to force through a hard Brexit. The GBP/USD currency pair today recovered from multi-year lows below the crucial 1.2000 level as MPs worked hard to pass the Benn bill by Friday in order to stop a no-deal Brexit.

Pound Dragged Down by Manufacturing Data, Brexit Headlines

The Great Britain pound slumped on Monday, dragged down by the mix of surprisingly poor manufacturing data and yet more Brexit headlines that suggested the United Kingdom is likely to leave the European Union without a trade deal.

Euro Mostly Little Changed Despite Dismal Manufacturing PMIs

The euro was little changed for the most part on Monday. While the currency fell versus some of its rivals, it managed to gain on the Great Britain pound. Overall, the euro’s performance was fairly good considering that manufacturing indices were rather bad in the most regions of the eurozone, except for France, as well as in the whole eurozone itself.

Swiss Franc Mixed, Domestic Macros Provide Support

The Swiss franc was somewhat mixed on Monday, rising against some currencies and falling versus others. Domestic macroeconomic data was helpful to the Swissie.

Japanese Yen Reverses Losses in Second Half of Monday’s Session

The Japanese yen performed opposite to riskier currencies today, falling intraday but rebounding later. Whether it is due to US tariffs on Chinese goods kicking in or light volumes on markets due to holiday in the United States resulting in sharp and unpredictable swings, it looks like most currencies reversed their movement in the second half of the Monday’s session.

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