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Swiss Franc Strong Despite Unfavorable Market Sentiment, Falling PPI

The Swiss franc was strong today, which was a surprising turn of events considering that the market sentiment was unfavorable to safe currencies. Domestic macroeconomic data could not explain the strength of the currency as it was not good, though within expectations.

Euro Falls on Negative Investor Sentiment Ahead of ECB Decision

The euro today fell drastically against the US dollar after having traded sideways for the past two sessions as investors anticipate a rate cut at tomorrow’s ECB meeting. The EUR/USD currency pair fell for the better part of today’s session even as the empty European docket meant that there were no fundamental releases to boost the single currency.

Australian Dollar Rises, Gains Limited

The Australian dollar rose today, though gains were limited. Macroeconomic data in Australia itself as well as in China, its biggest trading partner, was mixed, giving the currency no edge.

Euro Weak as Eurozone Economy Continues to Look Soft

The euro remained soft today as the eurozone economy continued to look not that hot, with economic data pointing at weakness.

Canadian Dollar Soars on Strong Q2 GDP

The Canadian dollar is rallying to finish the trading week, driven by a better-than-expected gain in second-quarter gross domestic product. The loonie’s rebound may give credence to analysts’ predictions that the currency is poised for a breakout performance to close out the year. Because the Canadian economy has been so anemic for much of 2019, the dollar has been struggling against most major currency rivals as of late.

South African Rand Gains Despite Disappointing PPI

The South African rand rallied against the US dollar and the euro today after falling earlier due to disappointing macroeconomic data. It looks like the market sentiment was positive enough to support the currency.

Euro Mixed After German PPI Rises Unexpectedly

The euro was mixed against other currencies despite macroeconomic data in Germany was better than expected.

Positive Economic Data & Risk Sentiment Don’t Help NZ Dollar

The New Zealand dollar was rather soft against other most-traded currencies today despite positive domestic macroeconomic data. The positive market sentiment also did not provide much aid, though it helped the kiwi to perform better versus safer currencies.

Swiss PPI Falls Less than Expected, Franc Soft

The Swiss franc was soft today even though the Producer Price Index fell last month less than was expected.

Pound Rallies on Upbeat UK Inflation, Drops on Recession Fears

The Sterling pound today rallied higher against the US dollar in the early London session following the release of the latest UK inflation data, which beat expectations. The GBP/USD currency pair later trimmed its gains as fears of a recession in the UK hit investors following the inversion of the UK yield curve for the first time since the 2008 financial crisis.

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