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USD/IDR Rises Despite Improving Indonesian Trade Balance

The Indonesian rupiah fell against the US dollar today as the market sentiment was unfavorable to riskier currencies. Indonesia’s trade balance improved last month, but the indicator was not as good as it seems at first glance.

Pound Rallies on Upbeat UK GDP and Positive Brexit Events

The Sterling pound today rallied to new 6-week highs following the release of upbeat monthly UK GDP estimate in the early London session. The GBP/USD currency pair recovered from Friday’s pullback amid renewed investor optimism that a hard Brexit could be avoided.

Euro Rallies on Positive Data, Remains Vulnerable Ahead of ECB

The euro rallied against most major currencies today. Some analysts attributed the rally to reports that Germany plans to stimulate its economies. Others pointed at today’s positive data as the main catalysts of the euro’s advance. The rally may be short-lived, though, as most market participants are not bullish on the euro ahead of this week’s European Central Bank monetary policy meeting.

Chinese Yuan Weakens As Exports Fall, Capped by RRR Cut

The Chinese yuan is weakening to kick off the trading week, driven by a decline in August exports as the world’s second-largest economy continues its trade dispute with the US. But investors were optimistic about Beijing’s $126 billion cash injection into the struggling market, especially with analysts anticipating greater stimulus for the remainder of 2019.

Aussie Rallies on Trade Surplus, News About US-China Trade Talks

The Australian dollar rallied today against its major rivals. While decent macroeconomic data provided some help to the currency, the main contributor to the rally were the latest developments in the US-China trade conflict.

Euro Rallies on Christine Lagarde’s Testimony and Weak Dollar

The euro today rallied higher following comments made by Christine Lagarde who has been nominated to head the European Central Bank. The EUR/USD currency pair today extended yesterday’s recovery as the US dollar remained on the back foot due to weak American releases.

Canadian Dollar Jumps After BoC Holds Interest Rates

The Canadian dollar rallied today after Canada’s central bank preferred to avoid cutting interest rates. Wednesday’s domestic macroeconomic data was negative for the loonie, but the currency ignored it for the most part.

US Dollar Flat As Weak Manufacturing Data Raises Recession Fears

The US dollar is trading flat against a basket of currency rivals to kick off the holiday-shortened trading week. Financial markets took a dive on recent data that suggests the nation’s manufacturing sector is contracting amid the lingering US-China trade war. But there are other factors that are contributing to the index’s weakness as of late, which still might not convince the bulk of investors.

NZ Dollar Reacts to US-China Trade War Developments

The New Zealand dollar was weak initially today but has managed to rebound by now. While domestic macroeconomic data was negative, the main reason for the initial drop and the subsequent rebound were developments in the US-China trade war.

Positive Market Sentiment Hurts Appeal of Swiss Franc

The Swiss franc was soft today as the market sentiment remained positive, hurting demand for the currency often used as a safe haven. Markets largely ignored the strong language of US President Donald Trump regarding China.

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