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Euro Rallies on Upbeat Sentiment, Positive Euro Area PMIs and Weak Dollar

The euro rallied higher, boosted by the positive manufacturing PMI prints from across the euro area released by Markit Economics in the early European session. The EUR/USD currency pair also benefitted from the dollar’s overall weakness driven by falling US 10-year Treasury yields and the upbeat investor risk appetite.

NZ Dollar Gains Despite Unexpected Contraction of GDP

The New Zealand dollar rose intraday despite an unexpected decline in the country’s economy. By the time of writing, though, the currency trimmed its gains, losing them outright against some of the rivals.

Pound Falls Despite Upbeat UK GDP as US Treasury Yields Soar Lifting DXY

The Sterling pound fell against the resurgent dollar fueled by the surging US Treasury yields that boosted the greenback against most of its peers amid a risk-off environment. The GBP/USD currency pair fell despite the UK’s economic recovery in January, as tracked by the GDP rising above analysts expectations.

Loonie Falls Against Dollar on Weak Oil Prices, Gains on BoC Rate Decision

The Canadian dollar remained largely weaker than the US dollar, driven by the weak crude oil prices that weighed on the commodity-linked loonie. The USD/CAD currency pair’s gains went against the losses incurred by the greenback as US Treasury yields fell amid the expected increase in US bonds’ supply.

Euro Rallies Against Dollar on Falling Treasury Yields, German Trade Data

The euro edged higher against the dollar, reversing a four-day losing streak boosted by the positive investor sentiment and falling US Treasury yields. The EUR/USD currency pair rallied higher, fueled by the positive German trade data combined with the dollar’s overall weakness, adding to the pair’s gains.

Euro Rises to 6-Week Highs on Upbeat Euro Area Data, Risk-On Sentiment

The euro soared against the dollar amid a series of upbeat macro releases from across the euro area combined with the positive investor sentiment. The EUR/USD currency pair’s rally was also boosted by positive comments from a senior European Central Bank policymaker and the dollar’s weakness.

US Dollar Falls amid Risk Appetite, Positive Data Doesn’t Help

The US dollar fell along with other safe-haven currencies, like the Swiss franc and the Japanese yen, as the market sentiment favored riskier currencies linked to growth. In fact, the Swissie was the only currency that fared worse than the greenback as the dollar fell even versus the yen, though it has been trying to rebound versus the euro too at the time of writing. Domestic macroeconomic data was favorable to the US currency but had […]

Euro Rallies Against Dollar on German Inflation and Lagarde Speech

The euro rallied against the dollar fueled by the risk-on investor sentiment that forced the greenback to fall for the past four sessions as riskier assets soared. The EUR/USD currency pair’s rally was also driven by ECB Governor Christine Lagarde’s upbeat speech earlier today, which boosted the single currency.

Euro Falls on US Stimulus Hopes, Later Rallies on Risk-On Sentiment

Today, the euro fell against the dollar due to the elevated demand for the safe-haven greenback as investors remained hopeful about the potential $1.9 trillion US stimulus package. The EUR/USD currency pair later reversed course and headed higher as market sentiment shifted in favour of riskier assets causing the dollar to tank against its peers.

Canadian Dollar Rallies on Upbeat Oil Prices, Ignores Weak Jobs Data

The Canadian dollar today rallied against its much weaker US counterpart buoyed by rising crude oil prices and the elevated investor risk appetite. The USD/CAD currency pair fell to new lows despite the latest Canadian jobs data missing consensus estimates by a wider margin than US data.

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