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Japanese Macroeconomic Data Positive, Yen Erases Rally

The Japanese yen was rising intraday on the persisting concerns about the US-China trade talks. But currently, the yen has fallen against all other most-traded rivals. Domestic macroeconomic data could not be blamed for the fall as today’s report was rather good.

US Dollar Forecast for November 18-22, 2019

The US dollar did not fare well last week, either falling or staying flat against its most-traded rivals. What events will be influencing the greenback this week and what traders can expect from the US currency?

Kiwi Declines Even as Manufacturing Sector Returns to Expansion

The New Zealand dollar was soft today despite positive domestic macroeconomic data. The main reason for the currency’s weakness was the risk-off market sentiment that was driving commodity currencies lower. Over the week though, the kiwi was one of the strongest currencies on the Forex market thanks to the surprise monetary decision of New Zealand’s central bank.

Chinese Yuan Exits 7 Territory on Trade Deal Hopes, Positive Data

The Chinese yuan has climbed above the key 7 threshold against its US peer for the first time in three months, driven by hopes that the US and China are on the cusp of agreeing to the first phase of a comprehensive trade deal. Improving trade data and a better-than-expected purchasing managers’ index (PMI) are also giving the yuan a boost.

Chinese Yuan Rallies on Trade Hopes, Factory Activity

The Chinese yuan is rallying on Tuesday as the world’s two largest economies appear closer to signing the first phase of their comprehensive trade agreement. The currency was further strengthened on positive factory activity data amid the ongoing global trade hiccups. Could the yuan climb above the seven threshold as Beijing attempts to reverse the economy’s downward trend?

Japanese Yen Weakens As Manufacturing Contracts, Jobless Rate Rises

The Japanese yen is slipping against most major currency rivals to start the trading week, driven by considerable weakness in the nation’s manufacturing sector, housing industry, and labor market. Although Tokyo had experienced some positive economic data early last week, these were offset by bearish trends throughout the economy.

Pound Whipsaws on UK and US Releases as General Election Looms

The Sterling pound today traded sideways against the US dollar as UK political parties started campaigning in readiness for the UK December 12 elections. The GBP/USD currency pair had a muted reaction to the upbeat Markit/CIPS UK manufacturing PMI data but fell on the robust US non-farm payrolls report before rallying higher after later US releases.

Chinese Yuan Rebounds After Disappointing PMI Data

The Chinese yuan is rebounding on Thursday after disappointing manufacturing and non-manufacturing data. Despite the jump, analysts anticipate weakness in the yuan for the rest of the year, even as the US and China are poised to reach the first phase of a comprehensive trade agreement between the world’s two largest economies.

Canadian Dollar Flat As Investors Brace for Interest Rate Decision

The Canadian dollar is trading relatively flat against most competing currencies to kick off the trading week. After witnessing the August federal deficit come in larger than anticipated, investors are now waiting to see how the Bank of Canada (BOC) moves ahead with interest rates now that the general election is over and the Liberals have secured a minority government.

US Dollar Flat As Capital Goods, New Home Sales Disappoint Markets

The US dollar is trading relatively sideways against some of its biggest currency rivals to close out the trading week. The latest release of US economic data is disappointing markets, which is raising the probability of another quarter-point decrease to interest rates in October. For now, investors might be adopting a wait-and-see approach to trading the buck prior to next week’s important Federal Reserve policy meeting.

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