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Pound Rallies on Brexit Deal Hopes and Upbeat UK Retail Sales

The Sterling pound today fell then rallied against the US dollar to trade at breakeven amid investor optimism that the EU and UK could sign a post-Brexit deal soon. The GBP/USD currency pair today attempted to extend its 4-day rally boosted by the upbeat UK retail sales data and the positive investor sentiment that favoured risk assets.

US Dollar Looks for Direction As Jobless Claims Fall to Pandemic Low

The US dollar is looking for direction against many of its currency rivals on Thursday after the federal government reported that the number of Americans filing for first-time unemployment benefits declined to a pandemic low. The US central bank’s important September policy meeting continues to weigh on the buck, while uncertainty surrounding Congress’ newest stimulus package sparks concern in the broader financial markets.

US Dollar Slumps As Initial Jobless Claims Flat, Producer Prices Fall

The US dollar is slumping against many of its G10 currency rivals on Thursday after the latest jobs data was flat, and producer prices declined. The greenback had been staging a comeback for more than a week, but the buck looks to be going through a modest correction toward the end of the holiday-shortened trading week.

Japanese Yen Rallies Against US Dollar on Upbeat GDP Data

The Japanese yen today traded sideways against the US dollar during the Asian session despite the release of upbeat Japanese GDP data. The USD/JPY currency pair later fell as the yen rallied against the much weaker greenback during the American session.

US Dollar Index Tops 93.00 As Bullish Data Supports Greenback

The US dollar is continuing its winning streak on foreign exchange markets during the Labor Day holiday. The greenback has been staging a rebound over the last several trading sessions after cratering 11% since hitting a peak of 103.00 earlier this year at the height of the coronavirus pandemic. The buck has been rallying on a multitude of factors, including bullish economic data and COVID-19 concerns, but analysts are still maintaining a bearish […]

Euro Falls Against US Dollar on Weak Sentiment and Upbeat NFP

The euro today fell against the much stronger US dollar extending the bearish trend that began earlier this week as the greenback strengthened against its peers. The EUR/USD currency pair fell to its daily lows during the American session following the release of the US non-farm payrolls report for August, which was mixed.

US Dollar Gains After Strong August Jobs Report, Rising Treasury Yields

The US dollar is looking to extend its winning streak against multiple currency counterparts to close out the trading week. The greenback is rising on Friday after an impressive jobs report last month sparked confidence that the world’s largest economy is rebounding in the aftermath of the public health crisis.

USD/CAD Rises As Initial Jobless Claims Fall to New Pandemic Low

The US dollar is looking to continue its winning streak on Thursday after the federal government reported that the number of Americans filing for first-time unemployment benefits plunged to a new COVID-19 pandemic low. Although the number remains historically high, the trends suggest the labor market is extending its rebound. But while the greenback has cratered in recent months, is the string of gains a signal that the currency is triggering a rally?

US Dollar Slumps As Federal Reserve Announces New Inflation Approach

The US dollar is slumping toward the end of the trading week after the Federal Reserve announced a new approach to inflation that would keep interest rates lower for longer. The greenback is also in the red after initial jobless claims topped one million for the second consecutive week. With inflation almost certain for the next few years, does this spell bad news for the buck?

Euro Rallies Against US Dollar on German GDP and IFO, Later Falls

The euro today rallied higher against the US dollar boosted by positive investor sentiment as the US and China reported progress in the latest round of trade talks. The EUR/USD currency pair later gave up its gains after the release of mixed US data amid a lack of volatility in the Forex market ending up slightly higher.

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