The British pound today surged higher against the US dollar boosted by the upbeat UK retail sales data, which beat analysts expectations by a wide margin. The GBP/USD currency pair’s rally was…
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Sterling Pound Rallies Against Dollar on Upbeat UK Inflation Data
The Sterling pound today surged against the dollar boosted by the upbeat British inflation report released early in the morning and the positive investor mood. The GBP/USD currency pair’s rally was also fueled by investor…
Euro Rallies on Asian Nations Trade Deal Later Falls on ECB Speeches
The euro today alternated between gains and losses and gains against the dollar rallying on the news such as the trade deal between China and 14 Asia-Pacific countries. The EUR/USD currency pair later gave up…
Pound Falls Against Dollar on Weak UK GDP Data, Brexit Stalement
The Sterling pound today fell against the dollar following the release of weak UK GDP data as the country’s economy expanded less than expected in September. The GBP/USD currency pair’s decline was further…
Euro See-Saws Against Dollar on Weak German ZEW Survey Data
The euro today oscillated between gains and losses against the US dollar falling on weak eurozone macro releases and rising as the greenback fell. The EUR/USD currency pair appeared to lose its bullish momentum…
Canadian Dollar Rallies Against US Peer Despite Weak Jobs Data
The Canadian dollar today rallied against its US peer as the US Presidential election continued to weigh on the greenback overshadowing the positive jobs data. The USD/CAD currency pair today fell to new 10-week…
Euro Rallies Against Dollar As FOMC Holds Rates and Biden Leads
The euro today rallied against the dollar as the vote-counting in the US Presidential election dragged on slowly as both parties went to court. The EUR/USD currency pair gave up some of its gains during the American…
Euro Rallies Against Dollar as Biden Maintains US Election Lead
The euro today oscillated between gains and losses as US election officials continue to count votes in the tightly-contested US Presidential elections. The EUR/USD currency pair fell earlier today after President Donald…
Euro Rallies Against the Dollar As the US Elections Unfold
The euro today rallied to new 5-day highs against the US dollar as the US Presidential election day caused the dollar to selloff against other currencies. The EUR/USD currency pair’s rally was driven…
Euro Trades Sideways Despite Upbeat Euro Area GDP Reports
The euro today initially fell against the US dollar despite the release of positive eurozone GDP data and other GDP reports from across the euro area. The EUR/USD currency pair later rallied…