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Euro Holds Ground After Inflation Slows

The euro rose against other most-traded currencies today even after a report confirmed that eurozone inflation slowed last month. It looks like the market sentiment is recovering as riskier currencies are gaining upward momentum, while safer ones seem to be under pressure.

Pound Rallies on Farage’s Election Concession Despite Weak GDP

The British pound today rallied against the US dollar after Nigel Farage confirmed his support for the Conservative Party raising hopes about Brexit. The GBP/USD currency pair rallied to new 4-day highs on the political headlines despite the release of multiple weak UK macro reports.

NZ Dollar Weakest on FX Market After Rise of Unemployment Rate

The New Zealand dollar was the weakest most-traded currency on the Forex market today following the unexpectedly big increase of the unemployment rate reported earlier this week. The positive trade data in China, New Zealand’s biggest partner, and optimism about the US-China trade negotiations did not help the currency.

Euro Hits New Monthly Highs on Positive Eurozone CPI and Weak Dollar

The euro today rallied to new monthly highs buoyed by positive CPI data from the euro area combined with a weak US dollar. The EUR/USD currency pair today rallied to new highs based on positive geopolitical events related to Brexit and the US-China trade war.

Australian Dollar Declines After China’s Poor Trade Data

The Australian dollar started the trading week with losses against other most-traded currencies. The general market sentiment seemed to be relatively optimistic due to the positive news about the US-China trade negotiations. But trade data from China released on Monday did not look good, and that is one of the possible reasons for the weak performance of the Aussie.

Euro Rallies on Mixed Trade Headlines Despite Weak German Data

The euro today rallied higher against the US dollar, which was under intense selling pressure as investors cautiously waited for US-China trade talks to resume. The EUR/USD currency pair rallied higher despite weak macro releases from Germany in the early European session mainly driven by positive investor risk sentiment.

Canadian Dollar Rallies on Higher Oil Prices and Mixed US Jobs Data

The Canadian dollar today rallied against the US dollar into the American session primarily driven by the rising oil prices and the greenback’s weakness. The USD/CAD currency pair fell to its daily lows following the release of the mixed US non-farm payrolls report in the early American session before rallying higher.

US Dollar Mixed As Unemployment Rate Falls to 50-Year Low

The US dollar is mixed at the end of the trading week after the US government reported that the labor market is showing some resilience as the economy – at home and abroad – cools down.

Australian Dollar Rises Despite Unimpressive Macroeconomic Data

The Australian dollar was trading in the green during Thursday’s trading session. The trade data released in Australia today was unimpressive but that did not prevent the currency from rebounding after Tuesday’s big slump.

NZ Dollar Stable After RBNZ Refrains from Interest Rate Cut

The New Zealand dollar was trading either flat or a little higher against most-traded currencies today. The Reserve Bank of New Zealand did not cut interest rates at today’s meeting but signaled that a cut is possible in the future. The trade balance worsened more than was expected.

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