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Euro Declines Against US Dollar on Dovish ECB Minutes

The euro today declined against the US dollar after the release of the European Central Bank‘s minutes of their monetary policy meeting, which outlined a dovish stance. The US dollar was stronger against the euro due to the high buying interest in the greenback as tracked by the US Dollar Index, which hit new highs in today’s session.



British Pound Declines Against US Dollar Despite Positive Jobs Data

The British pound today rallied higher briefly against the US dollar after the release of positive UK labour market report, but later declined retracing most of its gains. The weak US housing data barely had an impact on the GBP/USD currency pair, which was weighed down by the Bank of England‘s dovish stand.



US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales

The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations.



British Pound Declines as UK Inflation Data Misses Estimates

The British pound declined against most of its major peers on Tuesday following the release of two reports that revealed that inflation in the United Kingdom remained dormant in July. The British currency weakened further against the greenback as strong US retail sales numbers surprised investors.



EUR/USD Hits New Daily Lows Despite Strong German GDP Data

The EUR/USD currency pair today hit new session lows despite the release of strong German GDP data by the Federal Statistical Office. The currency pair was under intense selling pressure for the second consecutive session given the strong US dollar.



US Dollar Weakens Against Euro as Inflation Data Misses Estimates

The US dollar declined against the euro on Friday to touch its weakest level in 3 days, as fresh data for inflation rate in the United States disappointed investors. Weak economic releases in recent weeks lowered expectations that the Federal Reserve might raise interest rates before the end of the year, which weighed on the greenback.



USD/CAD Tests New Lows After Release of Weak US CPI Data

The USD/CAD currency pair today tested new lows after the release of weak CPI data by the US Bureau of Labor Statistics. The weak crude oil prices in the global market could not allow the currency pair to drop much lower as the Canadian dollar is closely linked to global oil prices.



EUR/USD Rallies Briefly Post US Jobless Claims and PPI Data

The EUR/USD currency pair today rallied higher briefly after the release of negative US weekly jobless claims data by the US Department of Labor. The currency pair’s rally was also due to US dollar weakness precipitated by the disappointing US producer price index data, which was also released today, but fell short of expectations.



British Pound Rallies Slightly Against US Dollar on Mixed UK Data

The British pound today rallied slightly higher against the US dollar after the release of mixed macro data from the UK docket. The release of positive industrial production data by the Office for National Statistics boosted the British pound even as the construction output and trade balance figures missed expectations.



US Dollar Erases Earlier Gains as Geopolitical Tensions Increase

The US dollar surged against a number of its major peers on Wednesday before giving up most of its gains, as traders focused on rising geopolitical tensions between the United States and North Korea. The greenback had little support from mixed economic data in the United States today as a report showed that while nonfarm productivity rose in the second quarter of 2017, labor costs lagged behind.



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