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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.

Japanese Yen Flat amid Confusing News Headlines About US-China Trade Deal

The Japanese yen was flat against most of its major rivals amid conflicting reports about the probability of reaching a phase-one trade deal between the United States and China before the new US tariffs, scheduled to take effect on December 15, will kick in. Domestic macroeconomic data was relatively good but slightly worse than expected.

Aussie Trades Lower on Poor Data, Risk Aversion

The Australian dollar was trading generally lower today due to an unexpected drop of private capital expenditure last week. Released at the start of Thursday’s trading session, a report on construction work done showed a decline as well, but it was not as big as experts had feared. The Forex market was in a risk-off mode after US President Donald Trump officially supported Hong Kong protesters, and that also had a negative impact […]

NZ Dollar Soft on Market Sentiment, Supported by Domestic Data

The New Zealand dollar was soft today amid the risk-negative market sentiment, which was dragging commodity-geared currencies lower. Losses were limited, though, as domestic macroeconomic data was decent and supportive to the currency of New Zealand.

Euro Trades Sideways Amid Positive Releases and USD Weakness

The euro today traded sideways against the US dollar amid positive releases from across the euro area and risk-off market sentiment. The EUR/USD currency pair was not very active today as the data released from the eurozone was deemed inconsequential.

Australian Dollar Declines After China’s Poor Trade Data

The Australian dollar started the trading week with losses against other most-traded currencies. The general market sentiment seemed to be relatively optimistic due to the positive news about the US-China trade negotiations. But trade data from China released on Monday did not look good, and that is one of the possible reasons for the weak performance of the Aussie.

Japanese Yen Falls on Optimism for US-China Negotiations

The Japanese yen fell against other major currencies today as the mood on markets was generally optimistic, giving little incentive for traders to buy safer currencies. Domestic macroeconomic data was not helping the yen either, being disappointing for the most part.

Aussie Mildly Higher on News About US-China Trade Negotiations

The Australian dollar traded mildly higher today as the market sentiment improved slightly on positive news about US-China trade talks.

Swiss Franc Strong Despite Unfavorable Market Sentiment, Falling PPI

The Swiss franc was strong today, which was a surprising turn of events considering that the market sentiment was unfavorable to safe currencies. Domestic macroeconomic data could not explain the strength of the currency as it was not good, though within expectations.

Japanese Yen Falls Despite Better-than-Expected Domestic Data

Macroeconomic data released in Japan on Thursday was better than expected. But as usual, the Japanese yen paid more attention to the general market sentiment than to domestic reports. And the sentiment was not supportive of the Japanese currency. Currently, though, the yen managed to bounce against some of its rivals.

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