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US CPI Accelerates Within Expectations, US Dollar Index Falls Slightly

The US dollar gained on some of its major rivals, including the euro and the Great Britain pound, after consumer inflation in the United States accelerated in line with market expectations. Overall, though, the currency traded slightly lower.

USD/CAD Extends Rally on US Court Decision and Weak Oil Prices

The USD/CAD currency pair today extended yesterday’s gains as the Canadian dollar dropped against the greenback amid the ongoing as the global crude oil selloff. The pair’s rally was further accelerated by news reports that a US Federal Court had stopped the construction of the Keystone XL pipeline that connects Canadian oilfields to Texas oil pipelines.

Euro Rallies Against US Dollar on Split US Midterm Election Results

The euro today rallied to new 2-week highs against the US dollar following the results of the US midterm elections, which led to a split congress as had been predicted by most pundits. The euro was further boosted by positive macro releases from across the euro area such as the German industrial production data for September.

US Dollar Weakens Despite Strong Jobs Numbers, Higher Wages

The US dollar is weakening against some of its counterparts midweek, despite several bullish indicators to suggest the economy is still strong. The labor market remains healthy, wages are climbing, and business confidence continues to jump. The greenback might be taking a breather after rallying earlier this week.

US Dollar Surges Amid Mixed Economic Data

The US dollar is rallying against a basket of currencies on Thursday after the release of a mixed bag of economic data. The greenback has been trading higher over the last few trading sessions, helping the currency add to its impressive year-to-date gains.

US Dollar Halts Decline as Stocks Sell-Off Pauses

The US dollar rallied today against most of its major peers, breaking the three-day long streak of losses. The greenback has lost its gains against the Japanese yen by now but kept them against other rivals.

Euro Declines on Italy’s Defiance to the EU Amid Trade War Fears

The euro today fell to new 6-week lows against the US dollar as investors remained concerned about Italy’s defiance towards the EU’s budget demands. The risk-off sentiment in the market further contributed to the EUR/USD currency pair’s decline as trade war fears dominated the markets on a data-light Monday.

US Dollar Extends Losing Skid Ahead of Federal Reserve Policy Meeting

The US dollar erased its early gains and extended its two-week losing skid on Monday. As investors braced for the Federal Reserve’s two-day policy meeting and read reports that China canceled trade talks with the US, the greenback dipped against a basket of currencies.

Pound Rallies on Upbeat UK Retail Sales and Weak US Dollar

The British pound today rallied higher against the US dollar following the release of the latest UK retail sales data in the early European session, which beat expectations. The GBP/USD currency pair hit new 2-month highs following today’s releases and the weaker US dollar, but remains susceptible to Brexit headlines.

Euro Fails to Hold On to Gains on Resurgent US Dollar Demand

The euro today rallied to new highs in the early European session even as German bond yields hit new tops and the US dollar retreated. However, the EUR/USD currency pair proceeded to give up all its gains as the greenback rebounded amid rising US bond yields and Irish border concerns.

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