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Accelerating Growth of UK Service Sector Helps Sterling

The UK service sector surprised analysts by growing much faster than they have anticipated. That helped the Great Britain pound to gain on its most-traded peers during the Wednesday’s trading session.

US Dollar Loses Earlier Gains Against Euro Ahead of Anticipated Economic Data

The US dollar lost earlier gains against the euro on Tuesday, ahead of a stream of economic releases occurring tomorrow that raised anticipation and reduced investors’ appetite for risk. The market also eyed the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday, which might provide some hints on Trump’s international trade policies.

GBP/USD Declines for Second Day Triggered by Disappointing Industry Reports

The GBP/USD currency pair declined for the second day in a row after the release of the Markit/CIPS UK construction PMI, which did not meet expectations. The currency pair was also affected by the stronger US dollar given the massive buying interest in the greenback due to positive market sentiment.

USD/CAD Declines Briefly After Release of BoC’s Business Outlook Survey

The USD/CAD currency pair today declined briefly after the Bank of Canada released the Spring 2017 results of its Business Outlook Survey, which indicated a positive economic sentiment among the business community. Despite this brief rally, the currency pair continued on an upward trend as the US dollar proved much stronger against the loonie given the weaker crude oil prices.

Aussie Starts Week Soft due to Macroeconomic Data

The Australian dollar has started this trading week with losses due to poor macroeconomic data, both domestic and overseas.

USD/CAD Declines After Release of Canada’s GDP Data

The USD/CAD today declined significantly after the release of Canadian GDP data by Statistics Canada, which exceeded market expectations. The decline was short-lived as the US dollar rallied higher after the release of the University of Michigan’s confidence and expectations data for March.

US Dollar Gives up Early Gains on Disappointing Data, Healthcare Vote Withdrawn

The US dollar declined against most of its main counterparts on Friday, even after the greenback rose earlier in the session to its strongest level in 3 days. The decline followed the withdrawal of the highly anticipated Republican healthcare bill from the House of Representatives before a vote that would have decided its future.

EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback

The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also affected by the uncertainty surrounding the passing of Donald Trump‘s healthcare bill by the House, which weakened the greenback.

Japanese Yen Soft Against Euro & Swiss Franc

The Japanese yen was little changed against the US dollar but fell against the euro and the Swiss franc during the current trading session due to unfavorable macroeconomic data and a surprise statement from the Bank of Japan chief.

New Zealand Dollar Rallies Following Manufacturing Report

The New Zealand dollar climbed today thanks to the positive manufacturing report released overnight and the supportive general market sentiment.

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