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US Dollar Falls Against Euro Ahead of New Federal Reserve Chair Announcement

The US dollar declined against the euro on Thursday as investors anticipated the announcement of the new Federal Reserve Chair. The greenback failed to climb despite positive data releases today, which showed strong nonfarm productivity and fewer applications for unemployment benefits.

US Dollar Rises as Strong Labor Data Outweighs Low Manufacturing Activity

The US dollar climbed against the euro on Wednesday in the wake of the strongest job gain in the United States since March. However, the greenback erased most of the gains it had made earlier in the day as manufacturing activity in October disappointed expectations.

US Dollar Struggles to Rise Against Euro Despite Strong Consumer Confidence

The US dollar traded within a tight range against the euro on Tuesday despite a strong reading for consumer confidence in the United States. The greenback struggled to move higher today as mixed data in the eurozone gave enough support for the shared currency to hold its ground.

US Retreats amid Political Troubles, Fed Chair Uncertainty

The US dollar retreated today following the last week’s rally. Political issues in the United States overshadowed Monday’s positive macroeconomic data, sending the US currency down.

Politics Help Dollar End Week Strong

Politics played a major role in the moves on the Forex market during the past week. That was beneficial for the US dollar, but not so much for other currencies, including the euro, the Great Britain pound, and the New Zealand dollar.

USD Stable, Gains vs. European Currencies amid Next Fed Chief Speculations

The US dollar was stable today against its most-traded rivals but gained on the European currencies, including the euro and the Great Britain pound. The greenback got support from rumors that the next leader of the Federal Reserve may be a hawk.

US Dollar Ends Week as Weakest Currency After FOMC & CPI

The US dollar ended the week as the weakest currency among the major ones. The euro was mixed, while the Great Britain pound was the strongest.

US Dollar Rises as Fresh Data Boosts Inflation Outlook

The US dollar climbed against other major currencies on Thursday as investors became more confident that the US inflation is picking up. The improved inflation outlook supported the Federal Reserve’s case for an interest rate increase before the end of the year.

US Dollar Retreats as Job Openings Decrease in August

The US dollar retreated against the euro on Wednesday after a fresh report revealed a weaker job market than what analysts had expected. The release also weighed on an index that tracks the greenback’s strength, pushing it to the lowest level in about two weeks.

Dollar Goes Lower, Waits for Economic Data

The US dollar fell against its most-traded peers during the Tuesday’s trading session as dollar bulls struggled to find a new catalysts for a rally. Economic data released over the rest of the week may provide such catalysts if it turns out good.

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