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Canadian Dollar Rallies Against US Peer on Positive GDP Data

The Canadian dollar today posted slights gains against its US peer after the release of upbeat Canadian May GDP data in the American session. The USD/CAD currency pair was trading sideways with minimal losses for most of today’s session as global crude oil prices remained sidelined.

US Dollar Unfazed by Trump’s WHO, China Announcements

The US dollar was unfazed by President Donald Trump’s press conference on Friday. Global financial markets were on edge as many speculated drastic actions would be taken by the administration regarding China over trade and the situation in Hong Kong. Instead, the announcements were just confirmations of previous reports about his response to the World Health Organization (WHO) and Beijing.

Canadian Dollar Weak Despite Upbeat Q1 GDP as US Dollar Rallies

The Canadian dollar today remained weak against the US dollar despite the release of upbeat Canadian GDP data in the early American session. The USD/CAD currency pair kept trading near the two and half month lows as investors waited patiently for Trump’s speech.

US Dollar Holds Steady As 30 Million Jobs Lost in Six Weeks

The US dollar is holding steady against a basket of currencies on Thursday after the federal government released the latest jobs numbers in the economic fallout of the coronavirus. In total, about 30 million Americans have lost their positions in just six weeks, and based on what the Federal Reserve stated on Wednesday, more economic pain is coming in the next couple of months.

Euro Falls After 4-Day Rally Amid Rising European Coronavirus Cases

The euro today fell against the US dollar as traders took their profits following  4-day rally marked by steady gains driven by positive investor sentiment. The EUR/USD currency pair headed lower as the greenback rallied higher amid rising coronavirus cases and deaths in Spain and Italy.

US Dollar Rallies As Market Turmoil Spurs Safe-Haven Demand

The US dollar is rallying against several major currency rivals at the end of the trading week, driven by the financial market turmoil that has spurred safe-haven demand for the greenback. While the global coronavirus outbreak has dominated the business headlines, positive economic data is adding to the buck’s gains on Friday.

Euro Rallies Against the Dollar Ignores Weak Eurozone GDP Data

The euro today rallied to new weekly highs against the US dollar despite multiple disappointing macro reports from across the euro area. The weak dollar primarily drove the EUR/USD currency pair’s rally as US Treasury yields fell dragging the greenback lower.

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.

US Dollar Rises on Housing, Q2 GDP

The US dollar is gaining on several major currency rivals toward the end of the trading week, buoyed by the latest housing data and the final gross domestic product (GDP) figure for the second quarter. The buck’s downward performance in recent sessions had been driven by geopolitics, from the US-China trade war to tensions in the Middle East.

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