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Euro Crashes on Mixed Eurozone Reports and Upbeat US Prints

The euro today crashed against the US dollar following the release of mixed data from the euro area as market sentiment remained decisively bearish. The EUR/USD currency pair fell to new 1-week lows in the American session following the release of upbeat US Q3 GDP data.

US Dollar Spikes on Higher Q3 GDP Reading

The US dollar enjoyed a spike against several currency rivals at the end of the trading week, driven primarily by a higher final reading of the gross domestic product in the third quarter. The buck was further lifted on a decline in the cost of manufacturing goods consumed at home and exported to foreign markets.

Euro Falls Despite Upbeat Releases From Across the Euro Area

The euro today fell against the US dollar despite the release of mostly upbeat data from across the euro area in a move that could be attributed to profit-taking following yesterday’s bullish run. The EUR/USD currency pair today rallied to its daily highs in the early European session after the release of upbeat Q3 GDP data from Spain before heading lower later.

US Dollar Rallies on Better-Than-Expected Durable Goods, Personal Income

The US dollar is gaining on several major currencies at the end of the trading week, buoyed by strong economic data, including personal income and durable goods. In addition to the better-than-expected numbers, it was recently reported that high-level talks between US and China trade representatives will restart on October 11.

Euro Falls on Weak German Retail Sales, Later Crashes to 2-Year Lows

The euro today fell against the US dollar as the weak releases from across the euro area from previous days weighed on the single currency from the start of today’s session. The EUR/USD currency pair extended its losses following the release of weak German retail sales data amid positive US releases.

US Dollar Rallies on Better-Than-Expected Q2 GDP

The US dollar is rallying against a basket of currencies to close out the trading week, driven by a better-than-expected but slower than usual second-quarter economic report. The gross domestic product cooled down in the April-to-June period, but there were some bright spots in the overall report, including a surge in consumer spending.

US Dollar Flat on Mixed Data As Market Expects Sideways Trade in Second Half

The US dollar ended the trading week flat against a basket of currencies as an influx of economic data came out. While spending and inflation matched market expectations, consumer sentiment was a lot lower than the median estimates. With the first half of 2019 in the history books, the market now anticipates the greenback to either weaken or trade sideways in the second half.

Euro Rallies on Upbeat German and Eurozone Data, Later Falls

The euro today rallied higher against the US dollar following the release of upbeat German and eurozone macro data in the early European session. The EUR/USD currency pair later fell from its highs as investor sentiment shifted, but rallied briefly on the weak US macro releases before falling again.

Euro Drops on Weak Business Climate, Gains on Mixed US Inflation

The euro today posted gains against the US dollar following the release of weak US inflation data in the early American session. The EUR/USD currency pair today fell from session highs following the release of weak eurozone business climate data in the early European session.

Pound Posts Gains Despite Brexit Pessimism and Upbeat US GDP

The Sterling pound today traded mostly sideways against the US dollar as it solidified gains made from yesterday’s 10-week lows as the Brexit impasse continued. The GBP/USD currency pair dropped lower following the release of US Q1 GDP data before quickly reversing the losses and printing new daily highs driven by positive investor sentiment.

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