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Swiss Franc Mixed As Machine Export Orders, Producer Prices Drop

The Swiss franc is mixed against a basket of currencies on Thursday as new data show machine export orders and producer and import prices declined. The Swiss economy continues to lose momentum amid the global trade war impacting markets everywhere. Despite the downward trends, investors are still pouring into the safe-haven asset, much to the chagrin of the Swiss National Bank (SNB).

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 Rises Despite Drop of Consumer Confidence to 4-Year Low, Escalating US-China Trade War

The Australian dollar rose today against other most-traded currencies. That is a surprising result considering that fundamentals looked very unfavorable to the currency. The sentiment of Australian consumers fell to the lowest level in four years. Washington announced fresh sanctions against Chinese companies just a day before trade negotiations between the United States and China resume.

US Dollar Mixed Ahead of Fed Decision

The US dollar was mixed during the past trading week, rising against some most-traded rivals but falling versus others. While the developments in the US-China relations were good, traders were reluctant to buy the greenback ahead of the upcoming Federal Reserve meeting.

Australian Dollar Rallies on Signs of Improving US-China Relations

The Australian dollar rallied today, rising for the eighth session versus the Japanese yen, after signs that the US-China relations are improving. That spurred hopes that the trade conflict between the two world’s biggest economies can end in the foreseeable future. And optimism increased demand for riskier high-beta assets.

Loonie Mixed Despite Positive Fundamentals

The Canadian dollar was mixed today, falling against such currencies as the US dollar and the euro but rising versus safe currencies, like the Japanese yen and the Swiss franc. Fundamentals specific for the loonie were largely positive, but apparently, factors that were affecting the Forex market in general had a bigger impact on the Canadian currency.

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.

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 Moves Back and Forth amid Conflicting Fundamentals

The New Zealand dollar was volatile today amid clashing fundamentals. The currency started the session weak due to soft domestic macroeconomic data but rebounded after the market sentiment improved. Currently, though, the kiwi pulled back once again but retained gains versus safer currencies.

Swiss Franc Mixed on Bearish Sentiment, Loose Monetary Policy

The Swiss franc is mixed midweek as the latest survey of investors suggested a bearish sentiment. But the poll of investors might change in the coming weeks as the central bank pledged a looser monetary policy, suggesting that it will continue to stimulate the economy and financial markets. Could this help the country counter the demand for the safe-haven currency in a time of global turmoil?

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