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British Pound Drops on Brexit Uncertainty Amid Latest UK GDP Data

The British pound today declined against the US dollar as investors remained cautious towards the cable given the looming uncertainty over Brexit negotiations. The GBP/USD currency pair’s performance was also affected by the strong greenback as the US Federal Reserve reiterated its resolve to hike rates in December.

EUR/USD Pair Drops From 2-Week Highs Ahead of FOMC Rate Decision

The EUR/USD currency pair today dropped from yesterday’s 2-week highs as investors looked past the results of the US midterm elections triggering a slight recovery by the greenback. The pair’s performance was largely driven by positive investor sentiment towards the greenback, which kept the pair trading in a subdued range.

NZ Dollar Mixed After Trade Balance Deficit Reaches Record High

The New Zealand dollar was mixed today after falling intraday as the monthly trade balance deficit reached the highest level on record. But the bounce of global stocks supported riskier commodity currencies.

Euro Drops and Trades Flat on Weak German Investor Sentiment

The euro today has been alternating between gains and losses against the US dollar from the start of the session due to the risk-off sentiment in the markets. The EUR/USD currency pair dipped to new daily lows after the release of the German ZEW survey data, whose prints came in way below expectations.

British Pound Rallies on Brexit Progress Despite Weak UK Macro Data

The British pound today rallied higher against the US dollar from the early European session as it emerged that the European Union and the UK were about to reach a Brexit deal. The GBP/USD currency pair was further boosted by the fact that the US warned China against devaluing its currency, which did not favor the greenback.

Euro Drops on High US Yields and Italy Budget Plans, Later Rebounds

The euro today declined significantly against the US dollar as the US 10-year Treasury yields hit a 7-year high and investors reacted to the prospect of lower global economic growth. The tensions between Italy and the European Union regarding the latter’s budget plans also dragged the pair lower.

Positive Employment Report Fails to Boost Canadian Dollar

The Canadian dollar behaved similarly to its US counterpart, climbing after the release of a domestic employment report but pulling back later. That was surprising considering that Canada’s macroeconomic reports released today were universally good.

US Dollar Demonstrates Volatile Reaction to Nonfarm Payrolls

The US dollar showed volatile reaction to nonfarm payrolls, sinking after the release but rebounding almost immediately afterwards. That should not be a surprise considering that the report was very mixed. Currently, the greenback reversed its movement yet again and went lower.

Risk Aversion Drives AUD to New Lows Despite Unexpectedly Widening Trade Surplus

The Australian dollar fell today, reaching a new low for the year against the US dollar, amid risk aversion on the Forex market. The unexpected increase of the trade surplus failed to support the currency.

NZD Rallies on Improving Business Confidence Despite Record Trade Deficit, Unable to Keep Gains

The New Zealand dollar behaved similar to its Australian counterpart, rising intraday but trimming gains later. New Zealand’s macroeconomic data released over the trading session was mixed, though the currency paid more attention to the good part.

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