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Canadian Dollar Falls on Weak Jobs Data, Ignores Saudi Aramco IPO

The Canadian dollar today fell against its US peer following the release of disappointing jobs data, which missed expectations by a considerable margin. The loonie erased all of the gains made against the greenback earlier this week amid the highly anticipated Saudi Aramco IPO.

Euro Falls Despite Multiple Upbeat Euro Area Inflation and Jobs Reports

The euro on Friday fell against the US dollar to continue trading within the tight range that has held for the past four days as it remained under pressure. The EUR/USD currency pair fell despite the release of the upbeat preliminary eurozone consumer price index data for November earlier today.

Swiss Franc Strengthens Amid Fall in Import, Producer Prices

The Swiss franc is strengthening against a myriad of currencies on Thursday, buoyed by a decline in import and producer prices. Low unemployment and larger foreign exchange reserves have contributed to the franc’s gains as of late. But there is more than just data that is spurring global interest in the country right now: coffee.

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.

Japanese Yen Weakens As Manufacturing Contracts, Jobless Rate Rises

The Japanese yen is slipping against most major currency rivals to start the trading week, driven by considerable weakness in the nation’s manufacturing sector, housing industry, and labor market. Although Tokyo had experienced some positive economic data early last week, these were offset by bearish trends throughout the economy.

Euro Trades Sideways on Mixed US GDP and Upbeat German CPI

The euro today traded sideways against the US dollar following the release of mixed US GDP data in the early American session. The EUR/USD currency pair fell slightly on the upbeat US releases, but its decline lacked conviction following the release of upbeat German consumer data.

Mexican Peso Mixed on Economy, Trade Uncertainty

The Mexican peso is mixed against several major currency pairs on Thursday as investors remain uncertain as to how to trade the country and the currency. There are signs that the economy is still slumping, despite cuts to interest rates and a populist left-leaning government willing to spend money. With trade uncertainty lingering in the background, the peso might be in store for some choppy waters.

Aussie Bounces Sharply After Unemployment Drops Unexpectedly

The Australian dollar climbed after the release of Australia’s employment data that showed an unexpected drop of the unemployment rate. The currency erased yesterday’s losses against most-traded rivals and managed to erase losses for the whole week versus the US dollar.

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.

Japanese Yen Rebounds Amid Sales Tax Hike, Renewed Safe-Haven Status

The Japanese yen is rallying against most major currency rivals midweek as the world’s third-largest economy implemented a long-awaited sales tax hike. This comes as Wall Street is forecasting the yen will enjoy a monumental rally to finish off the year amid the chaos unfolding in global markets. Are investors dismissing the weak data this week?

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