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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?

Yen Soft After Macroeconomic Releases in Japan

The Japanese yen was soft today following domestic macroeconomic releases. The data showed that the nation’s manufacturing sector was in bad shape. At the same time, unemployment remained extremely low, defying forecasts of an increase.

Euro Softer After Slew of Macroeconomic Reports

The euro fell against the US dollar as well as some other major currencies after the release of a slew of macroeconomic reports in Europe today. Market experts attributed the euro’s decline to the weaker-than-expected inflation data. Unemployment reports, on the other hand, were surprisingly good.

Swedish Krona Weak After Jump of Unemployment Rate, Riksbank Monetary Policy Minutes

The Swedish krona was extremely vulnerable today after the unemployment rate jumped to the highest level in four years and the central bank signaled that it will likely delay the planned interest rate hikes.

Pound Gets Support from Britain’s Employment Data, Gains Limited by Brexit Concerns

The Great Britain pound rose against some currencies and traded about flat versus others today. British employment data provided support to the currency, but traders were reluctant to buy the sterling as the situation with the Brexit was very unclear.

Mixed Domestic Economic Indicators Don’t Prevent Rally of Yen

The Japanese yen was strong today. Some market analysts speculated that the reason for that was the worsening market sentiment. But the Swiss franc, another safe currency, was soft today, making such speculations questionable. While there were plenty of macroeconomic indicators in Japan today, they were mixed and gave little help to the currency in finding direction.

Euro Falls on Weak Eurozone Releases, Spikes Higher on ECB Speak

The euro today fell against the US dollar in the early European session following a series of weak releases from France, Germany and the eurozone. The EUR/USD currency pair extended its losses following the release of upbeat US GDP data before spiking higher on hawkish ECB comments then quickly falling back.

Russian Ruble Gains on Calls for G7 Reinstatement

The Russian ruble is gaining on Thursday after renewed calls to reinstate Moscow into the G7. After being ousted from the group of eight economies over the annexation of Crimea in 2014, Russia might return to the table and engage with other economic powerhouses. Data is also lifting the ruble toward the end of the trading week.

NZ Dollar Retreats After Chinese Indicators Miss Expectations

The New Zealand dollar declined today following yesterday’s gains. While the positive news about the US-China trade conflict supported riskier commodity currencies yesterday, a big miss in some important Chinese macroeconomic indicators overshadowed the supportive fundamentals today.

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