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Canadian Dollar Hit by Biggest Decline in Employment Since 2009

The Canadian dollar dropped today after Canada’s employment ended the longest streak of gains since 2002, contracting last month. The loonie managed to bounce against European majors like the euro and the Swiss franc but kept losses versus such currencies as the US dollar and the Japanese yen.

NZ Dollar Gets Boost from Employment Data, Struggles to Keep Gains

The New Zealand dollar climbed at the start of the current trading session following the release of surprisingly good employment data at the end of the previous session. But the currency has trimmed its gains against some rivals and lost them against others by now.

US Dollar Climbs Against Major Peers on Broad Job Gains in January

After spending most of the day trading sideways, the US dollar quickly climbed higher against most of its major peers on Friday following the latest update to jobs gain. Broad gains in the private sector and a record low unemployment rate provided the greenback with enough lift to break away from stale trading to erase most of the losses it had suffered yesterday.

Euro Rallies Higher Against US Dollar on Upbeat Eurozone CPI

The euro today rallied higher against the US dollar amid a raft of macro releases from both the Eurozone and the US dockets. The single currency was boosted by the release of German December employment change data, which was better than expected.

Japanese Yen Rallies After Stocks Sell-Off, Struggles to Keep Gains

The Japanese yen rallied today but struggled to keep gains, losing them against some rivals outright. The possible reason for the rally was a massive sell-off of global stocks. As for macroeconomic indicators released in Japan over the course of the trading session, they were mixed.

GBP/USD Rallies to New Highs on Positive UK Jobs Report

The GBP/USD currency pair today rallied to new highs above the 1.4100 level last witnessed before the historic Brexit vote. The pound rallied higher against the greenback buoyed by the positive UK labour market report released early in the European session.

US Dollar Retreats as Economic Data Reveals Signs of Lagging Inflation

The US dollar declined against the euro on Thursday following economic data in the United States that showed a small drop in prices at factory gates, which is an important indicator of inflation. The greenback also retreated against the British pound, despite the lack of positive releases in the United Kingdom today.

Euro Declines Despite Solid German Data as Traders Remain Cautious

The euro fell against the US dollar and the British pound on Tuesday, despite positive economic data in Germany, Europe’s biggest economy. Demand for the shared currency was faint as caution spread between traders as they worried of corrective movements that may follow a rally that lasted for months.

Euro Trades Lower Against US Dollar Ahead of FOMC Minutes

The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office.

Pound Retreats from Daily Highs on Weak UK Labor Market Report

The British pound today retreated from daily highs set against the US dollar earlier in the European session after the release of the UK labour market report for December. The pound’s decline against the US dollar was triggered by the jobless claims count, which posted a surprising increase in November.

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