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US Dollar Weakens on Disappointing Data, Trade Uncertainty

The US dollar is trading lower against multiple currency rivals midweek, driven by disappointing economic data and continued uncertainty surrounding US-China trade relations. Still, the consensus is that the greenback will remain one of the strongest currencies over the next 25 years, competing with the Chinese yuan and the euro.

Euro Trades Sideways as Investors Ponder US-China Interim Deal

The euro today cooled off slightly after posting gains against the US dollar for the past three days as investors digested the impact of Friday’s US-China handshake deal. The EUR/USD currency pair fell to its daily lows after the release of weak German wholesale prices data before rallying higher shortly afterwards.

Canadian Dollar Rallies on Higher Oil Prices and Mixed US Jobs Data

The Canadian dollar today rallied against the US dollar into the American session primarily driven by the rising oil prices and the greenback’s weakness. The USD/CAD currency pair fell to its daily lows following the release of the mixed US non-farm payrolls report in the early American session before rallying higher.

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.

Euro Rallies From 2-Year Lows Despite Weak Eurozone Releases

The euro today rallied from new 2-year lows against the US dollar hit during the Asian session despite the release of mostly weak macro data from across the eurozone. The EUR/USD currency pair pulled back from the lows as the greenback fell boosting the single currency and helping it rally despite the weak euro area fundamentals.

US Dollar Falls As Political Turmoil, Geopolitics Drive Trade

The US dollar is sliding against many major currency rivals on Tuesday as domestic political turmoil and geopolitics are dominating the latter part of the trading session. In addition to President Donald Trump stating that he will not accept a bad trade agreement with China, news broke that House Speaker Nancy Pelosi plans to launch an impeachment inquiry to oust Trump from the White House before next year’s election.

Canadian Dollar Falls on Risk-Off Mood and Weak Retail Sales

The Canadian dollar today fell against its US counterpart as investors ignored upbeat crude oil prices and bought the safe-haven greenback as geopolitical risks mounted. The USD/CAD currency pair today rallied higher following the release of disappointing Canadian retail sales data in the American session before giving up most of its gains.

Euro Rallies Higher as France Pushes for Fiscal Stimulus Measures

The euro today rallied higher against the US dollar as investors bid up the single currency lifting it away from yesterday’s lows triggered by the FOMC decision. The EUR/USD currency pair today rose steadily as the markets reacted to comments from the French calling for immediate fiscal stimulus measures.

US Dollar Mixed on Better-Than-Expected Industrial, Manufacturing Output

The US dollar is mixed against several major currency rivals on Tuesday after the latest industrial and manufacturing output numbers were published. But global financial markets are bracing for the Federal Reserve’s decision on interest rates, which the market is now split on. In the backdrop is low-level US-China trade discussions restarting later this week.

Pound Rallies Despite Brexit Uncertainty and Upbeat US Data

The British pound today rallied higher against the US dollar breaking out of a 3-day trading range amid positive Brexit headlines. The GBP/USD currency pair rallied higher after it emerged that the EU was willing to grant an extension of the October 31st Brexit deadline.

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