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Euro Rallies to 3-Year Highs Against US Dollar on Mixed Eurozone PMIs

The euro today rallied to 3-year highs against the US dollar after the release of upbeat flash PMIs from different Eurozone countries by Markit Economics. The manufacturing activity across the Eurozone slowed down in January as measured by the PMI, while the composite and services PMIs registered new all-time highs.

Japanese Yen Gains as Manufacturing Accelerates

The Japanese yen managed to rise against a range of its most-traded peers, including the US dollar and the euro, despite mixed macroeconomic data released in Japan over the trading session.

Euro Declines Against US Dollar on Weak Eurozone CPI

The euro was on a downtrend against the US dollar for most of the European session having been in a consolidation phase during the Asian session. The single currency’s decline was largely precipitated by the modest recovery in the US dollar demand.

Accelerating Expansion of Japanese Manufacturing Fails to Boost Yen

The Japanese yen fell against its most-traded peers during the current trading session despite the solid manufacturing report, which showed that the expansion of the sector was the fastest in several years.

Australian Dollar Mixed Despite Support from Economic Data

The Australian dollar was mixed on Thursday despite very positive macroeconomic data, both from Australia and abroad. News from China was especially good as the services sector was expanding with the fastest pace in several years.

EUR/USD Makes Subdued Recovery on Positive Eurozone PMIs

The EUR/USD currency pair today made a subdued recovery during the early European session after the release of positive Eurozone PMI data. The final December PMIs released by Markit Economics were the main trigger behind the currency pair’s soft rally.

Swiss Franc Falls vs. Dollar & Euro Following Manufacturing PMI

The Swiss franc fell against the US dollar and the euro today despite the better-than-expected manufacturing report released in Switzerland during the trading session.

CAD Gains on USD, Trims Losses vs. Other Rivals

The Canadian dollar rallied versus its US counterpart thanks to the broad-based weakness of the US currency. The loonie fell versus its other most-traded rivals, but has trimmed losses by the end of the Tuesday’s trading session.

US Dollar Starts 2018 with Extreme Weakness

The US dollar started 2018 extremely week, extending the trend from 2017 and falling against all of its major rivals.

GBP Gains on USD, Falls vs. Other Rivals After Manufacturing PMI

The Great Britain pound gained on the US dollar but fell versus other most-traded currencies after the release of Britain’s manufacturing PMI.

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