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Pound Rallies on US Dollar Weakness and Coronavirus Headlines

The Sterling pound today rallied against the US dollar in a turn of events that saw the dollar lose ground against most of its peers. The GBP/USD rallied above the crucial 1.30 level as demand for the greenback weakened despite new coronavirus infections.

Sterling Pound Rallies to 2-Week Highs on New Year’s Eve

The Sterling pound today rallied to 2-week highs against the US dollar on the last trading day of 2019 as investors bid up the pound and sold the greenback. The GBP/USD currency pair rallied higher despite threats from the European Union that the December 2020 deadline is inadequate to complete negotiations with the UK.

Pound Crashes to New 3-Week Lows as Boris Pushes for Hard Brexit

The Sterling pound today crashed to new 3-week lows against the US dollar amid fears that Boris Johnson was pushing for a hard Brexit. The GBP/USD currency pair today fell from the early London session as investors sold the pair following Friday’s passage of the Brexit Withdrawal Bill.

US Dollar Forecast for December 09-13, 2019

The US dollar performed very poorly last week despite the better-than-expected employment report. This week will have a couple important macroeconomic releases as well as a monetary policy meeting of the US central bank. Yet it is very likely that factors outside of the United States will have a bigger impact on the greenback.

Euro Falls on Mixed Trade Headlines, Rallies on Weak US Jobs Data

The euro today fell amid conflicting trade headlines as investors continued to wonder whether the US and China would seal a phase one deal any time soon. However, the EUR/USD currency pair rallied higher in the early American session after the latest US jobs data released by the ADP missed expectations by a wide margin.

Euro Sidelined on Trump-Macron Spat Amid US-China Trade Worries

The euro today appeared to cool off against the US dollar following yesterday’s massive rally that saw the EUR/USD currency pair breach the 1.1080 level as the greenback fell. The currency pair today traded sideways alternating between gains and losses amid a lack of significant releases from the European dockets.

Australian Dollar Rises Despite Lackluster Domestic Data

The Australian dollar rose against other most-traded currencies today. There was no apparent reason for the rally as domestic macroeconomic data released over Friday’s trading session was not impressive and there was no news about the US-China trade negotiations.

Euro Range-Bound on German GfK Survey Data, Trade Headlines

The euro today traded sideways against the US dollar in a low-volatility market environment amid a lack of any significant fundamental triggers. The EUR/USD currency pair barely moved after the German GfK survey as investors waited for developments from the US-China trade talks.

Yen Soft on Risk Appetite & Mixed Data, Attempts to Recover

The Japanese yen was soft today as mild risk appetite on the Forex market limited demand for the currency in its role of a safe haven. But the yen has trimmed losses by now, even managing to gain on some of its rivals. Domestic macroeconomic data was mixed, but no outright negative indicators were released today.

Japanese Yen Strong After Economic Data Meets Expectations

The Japanese yen was generally strong today amid persisting concerns about the US-China trade negotiations. Macroeconomic data released in Japan over Friday’s session was in line with expectations.

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