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Pound Falls Against Dollar for Second Session on Dovish BoE Speeches

The Sterling pound fell against the resurgent dollar on February’s last trading day as institutional money managers rebalanced their portfolios to close the month. The GBP/USD currency pair fell for the second consecutive day as the dollar surged higher amid concerns that too much stimulus could be bad for the British economy.

Sterling Falls Despite Upbeat UK Inflation As Dollar Rallies on Stimulus Hopes

The Sterling pound fell against the dollar despite the release of upbeat UK inflation data as the greenback remained supported by the rising US Treasury yields. The GBP/USD currency pair fell from fresh 34-month highs hit yesterday as the dollar continued to benefit from the $1.9 trillion US stimulus package’s broad expectations.

Japanese Yen Falls on Monetary Policy Outlook, Tries to Recover

The Japanese yen fell intraday but reversed its movement afterward, managing to erase losses against a few of its rivals and trim them against others. The currency has been under pressure from the central bank’s loose monetary policy for a long time, and Japanese officials signaled today that it will not change anytime soon.

Pound Inches Higher Against Dollar on Positive UK Macro Outlook

The Sterling pound inched higher against the dollar fueled by the positive the fast rollout of the coronavirus vaccine in the country as compared to its peers. The GBP/USD currency pair’s rally was also fueled by investor optimism about Britain’s economic recovery since the government might ease restrictions earlier than expected.

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.

Euro Falls on US Stimulus Hopes and Risk-Off Mood, Disregards PMIs

The euro fell against the dollar for the third straight session today despite the release of multiple upbeat PMI prints from the euro area by Markit Economics. The EUR/USD currency pair’s decline was also fueled by the upbeat US jobs data and hopes for a massive US stimulus package from the democrats.

Euro Rallies on ECB Rate Decision Despite Dovish Comments by Lagarde

The euro rallied against the dollar today buoyed by the elevated risk appetite that saw the greenback sidelined in favor of riskier assets such as the single currency. The EUR/USD currency pair hit its daily highs after the European Central Bank released that it was leaving interest rates unchanged as expected after today’s meeting.

Pound Falls on Risk-Off Mood, Later Rallies on COVID-19 Vaccine Progress

The Sterling pound today fell against the dollar amid slow trading conditions occasioned by the lack of major releases from the UK and US dockets. The GBP/USD currency pair later recovered most of its losses as the pound rallied with US markets closed for Martin Luther King Jr.’s birthday.

Pound Rallies on Brexit Deal Vote, COVID-19 Vaccine and New Lockdown

The Sterling pound today rallied higher against the dollar boosted by the UK Parliament’s vote to implement the post-Brexit trade deal agreed with the EU. The GBP/USD currency pair’s gains were limited by the rising coronavirus cases driven by the virus’s more virulent strain and new lockdown measures.

Euro Rallies on Improved Sentiment After US Stimulus Checks Vote

Today, the euro rallied against the dollar boosted by the risk-on market sentiment as global equities rallied just two days to the end of 2020. Investors remained bullish on the markets boosted by the US’s positive stimulus news, where lawmakers almost approved $2,000 stimulus checks.

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