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Euro Rallies Then Falls Against the US Dollar to Trade Flat for the Day

The euro today fell against the US dollar early in the European session despite the release of upbeat euro area producer price index data as the bears controlled the price action. The EUR/USD currency pair later rallied during the American session as the dollar retreated against its peers amid falling US Treasury yields to trade flat for the day.

Canadian Dollar Gains on Upbeat Jobs Report, Falls on Russian Oil News

The Canadian dollar today posted gains against the US dollar after the release of upbeat Canadian employment data in the early American session. The USD/CAD currency pair alternated between gains and losses, given that both the loonie and the greenback were weak overall.

Pound Rallies Against Weak US Dollar on Bullish BoE Stance

The Sterling pound today rallied higher against the much weaker US dollar as traders bought the pound given the Bank of England‘s bullish stance on interest rates. The GBP/USD currency pair rallied for the fourth consecutive session as the bearish sentiment towards the greenback persisted as US Treasury yields continue to fall.

Euro Hits 3-Month High as Dollar Crumbles on Coronavirus Fears

The euro today to new highs as the dollar crumbled in the face of mounting coronavirus fears amid and falling US Treasury yields dampened demand for the greenback. The EUR/USD currency pair today rallied above the crucial 1.10 level as investors flocked to the single currency boosted by positive euro area fundamental releases.

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.

Euro Rallies From Multi-Year Lows as US Data Disappoints

The euro today rallied from multi-year lows in the American session after key US data disappointed and US Treasury yields dropped to multi-year lows. The EUR/USD currency pair had fallen to lows last seen in May 2017 following the release of multiple weak releases from Germany and the eurozone earlier today.

Euro Falls on Rising US-German Yield Spread and Weak German IFO

The euro today fell for the second straight session against the US dollar as the German business climate deteriorated more than expected. The EUR/USD currency pair’s decline was further accelerated by the risk-off market sentiment triggered by falling equity indices earlier today.

Euro Rallies on Weak US Inflation Data Amid Brexit Headlines

The euro today rallied for the third straight session against the US dollar as investors reacted to the mixed US inflation data released today. The EUR/USD currency pair’s rally was further boosted by Brexit developments as the EU and the UK agreed to a raft of joint declarations on the Irish backstop issue.

US Dollar Drops Against Yen as Traders Collect Profits

The dollar retreated as it trailed a drop in the yields of US Treasury notes on Monday. The greenback’s decline followed increased worries that the Organization of the Petroleum Exporting Countries might fail to reach a deal to cut output in a meeting later this week.

US Dollar Weakens as OPEC Lowers Treasury Holding

The US dollar fell today as the nations of the Organization of the Petroleum Exporting Countries slashed their holding of the US debt because the rising oil prices decreased their need for the US currency.

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