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Canadian Dollar Rallies on Higher Oil Prices and Mixed US Jobs Data

The Canadian dollar today rallied against the US dollar into the American session primarily driven by the rising oil prices and the greenback’s weakness. The USD/CAD currency pair fell to its daily lows following the release of the mixed US non-farm payrolls report in the early American session before rallying higher.

Risk Appetite Makes US Dollar End Week Among Losers

The US dollar ended the past trading week among the weakest currencies on the Forex market, along with the Japanese yen and the Swiss franc, due to risk appetite among traders. Negative domestic employment data also hurt the greenback. Commodity currencies were the strongest.

Euro Recovers as US NFP Report Misses by a Wide Margin

The euro today rallied from its daily lows after the release of the disappointing US non-farm payrolls report in the early American session. The EUR/USD currency pair had been under intense selling pressure following the release of weak German industrial production data earlier today.

Pound Falls On By-Election Results, Rallies Despite Upbeat NFP Report

The Sterling pound today fell to its daily lows as investors reacted to the results of a by-election where the ruling Conservative Party lost a crucial seat. The GBP/USD currency pair later rallied higher after the release of the upbeat US non-farm payrolls data in the early American session.

US Dollar Rallies to 3-Week Highs as Fed Rate Cut Appears Unlikely

The US dollar today rallied to almost 3-week highs as market hopes for future rate cuts from the US Federal Reserve dissipated in the face of positive US jobs data. The greenback also benefitted from the uncertainty surrounding the US-China trade war that caused a significant sell-off in US equity markets and high demand for the dollar.

Euro Falls on Weak German Data, Extends Losses on Upbeat US NFP

The euro today broke out of its 3-day consolidative range and fell drastically against the US dollar following the release of weak German factory data. The EUR/USD currency pair later extended its losses following the release of the upbeat US non-farm payrolls data in the early American session.

US Dollar Stands Ground vs. Majors After ADP Employment Misses

The US dollar was soft versus riskier commodity currencies but stood ground against majors. The greenback was especially strong against European majors such as the euro, the Great Britain pound, and the Swiss franc. The main hurdle for the US currency today was the disappointing employment report from Automatic Data Processing.

Euro Falls on Weak German Data, Rallies to 10-Week High on US NFP

The euro today rallied to 10-week highs against the US dollar following the release of disappointing US non-farm payrolls report in the early American session. The EUR/USD currency pair had traded sideways for most of today’s session following the release of weak German data in the early European session before the spike higher.

US Dollar Mixed on Weak Data, Recession Fears

The US dollar is mixed to kick off the trading week as investors comb through disappointing economic data amid fears of a global recession. As the trade strife escalates after higher US tariffs on Chinese and Mexican goods, markets are worried that this could lead to additional cooling in the sluggish global economy.

Accelerating Consumer Inflation Fails to Bolster Euro

While the euro managed to rebound against the US dollar today, the shared 19-nation currency remained soft against other most-traded rivals. Consumer inflation beat expectations, but that failed to bolster the currency. One of the possible reasons for the euro’s weakness was the unexpected decline of producer prices.

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