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Australian Dollar Dips Intraday, Rebounds Later

The Australian dollar dipped intraday during the Wednesday’s trading session but has bounced against most of its rivals by now and is trading near the opening level. Today’s macroeconomic data released in Australia was mixed.

Australian Dollar Firm in Face of Disappointing Reports

The Australian dollar was firm today despite underwhelming domestic macroeconomic reports released over the current trading session.

Pound Declines on UK Jobs Report, Recovers on BoE Speeches

The British pound was on a downtrend against the US dollar from the Asian session, but its decline accelerated after the release of the UK labour market report. The pound recovered some of its losses after the hawkish tone outlined by Bank of England policymakers before the UK Parliament’s Treasury Committee.

Australian Dollar Steady vs. US Dollar, Tumbles vs. Euro & Yen

The Australian dollar held steady against its US counterpart but dropped against the euro and crashed versus the Japanese yen today. Today’s macroeconomic data in Australia was positive, but comments from central bank’s officials were not that good for the currency.

US Dollar Climbs Against Major Peers on Broad Job Gains in January

After spending most of the day trading sideways, the US dollar quickly climbed higher against most of its major peers on Friday following the latest update to jobs gain. Broad gains in the private sector and a record low unemployment rate provided the greenback with enough lift to break away from stale trading to erase most of the losses it had suffered yesterday.

Australian Dollar Falls as Wage Growth Stagnates

The Australian dollar fell today against its major rivals, though it has trimmed losses against some of them by now. The main reason was underwhelming wage inflation, though the falling consumer confidence was not helping the currency either.

British Pound Declines Against US Dollar on UK Labour Report

The British pound today briefly rallied higher against the US dollar after the release of the UK employment data by the Office for National Statistics, which beat expectations. However, the rally was short-lived as the GBP/USD currency pair retraced all its gains within the same hour as markets reviewed the labor report.

British Pound Declines Against Major Peers on Lackluster Labor Data

The British pound declined against most other major currencies on Wednesday as the latest labor market figures painted a mixed picture of unemployment and wage growth. Lower expectations of an interest rate hike followed today’s figures, which further weighed on the British currency.

British Pound Plunges Against US Dollar on BoE Rate Decision

The British pound today plunged to new lows after the Bank of England left its rates unchanged, while cutting the UK’s growth forecasts for this year. The pound hit new lows against the US dollar after the speech by the BOE Governor, Mark Carney, which painted a dovish economic outlook in relation to Brexit.

British Pound Declines Against Peers Despite Positive Retail Sales Data

The British pound today declined against the US dollar and the euro despite the release of positive UK retail sales data. The British pound rallied higher for a minute or so after the release before retracing all its gains and trending lower.

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