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Euro Rallies on ECB Rate Decision Despite Dovish Comments by Lagarde

The euro rallied against the dollar today buoyed by the elevated risk appetite that saw the greenback sidelined in favor of riskier assets such as the single currency. The EUR/USD currency pair hit its daily highs after the European Central Bank released that it was leaving interest rates unchanged as expected after today’s meeting.

Japanese Yen Flat vs. US Dollar, Falls vs. Other Majors After BoJ

The Japanese yen remained about flat against the US dollar but fell against other most-traded currencies after the Bank of Japan announced its monetary policy decision during the Asian trading session on Thursday.

Canadian Dollar Rallies on BoC Rate Decision and Biden Inauguration

The Canadian dollar today rallied higher against its US peer after the Bank of Canada left interest rates unchanged with a bullish economic outlook. The USD/CAD currency pair fell to new multi-year after Joe Biden’s inauguration marked the end of the Donald Trump era.

Greenback Firms After US Stocks Sink

The US dollar firmed by the end of Wednesday’s trading session, trimming losses against some peers and erasing them completely against others. Market analysts pointed at the slump of the US stock market as the likely reason for the recovery of the greenback.

Euro Soft Ahead of ECB Monetary Policy Meeting

The euro was soft today, falling against almost all most-traded currencies. The only exception was the New Zealand dollar, which failed to maintain the intraday rally versus the euro. While domestic macroeconomic data was somewhat disappointing, the upcoming monetary policy meeting of the European Central Bank was the main driver for the common currency of the eurozone.

Yen Soft After Economic Data, BoJ Deputy Governor’s Comments

The Japanese yen was very weak today. In fact, it logged losses against all other most-traded currencies. Domestic macroeconomic data was decent, therefore it could not be the reason for the weakness. Dovish comments of the central bank’s deputy governor, on the other hand, could.

Euro Plunges on Weak German GfK Survey and Dovish ECB Minutes

The euro today fell against the dollar following the release of the weak Germany GfK survey early in the European session combined with the risk-off market sentiment. The EUR/USD currency pair today fell even though US markets were closed for the Thanksgiving Day celebrations as investors bought the safe-haven greenback.

Yen Falls vs. Commodity Currencies, Holds Ground vs. Majors

The Japanese yen fell versus commodity currencies but managed to hold its ground against other most-traded currencies today. Markets remained under the impact of the positive coronavirus vaccine news, which limited demand for safer currencies, including the yen.

Australian Dollar Joins Rally in Risk-On Environment

The Australian dollar joined the rally of its New Zealand counterpart amid the risk-on market sentiment. There were no macroeconomic reports released in Australia today, while yesterday’s data was positive.

Euro Rallies Against Dollar As FOMC Holds Rates and Biden Leads

The euro today rallied against the dollar as the vote-counting in the US Presidential election dragged on slowly as both parties went to court. The EUR/USD currency pair gave up some of its gains during the American session as the dollar hit a bottom and edged higher at the New York open.

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