Earlier today, the U.S. currency moved sharply lower against European currencies. The euro rebounded sharply after stronger-than-expected data on eurozone private sector activity. The British pound extended gains and climbed to its highest level since Aug. 2011 after a sharper than expected fall in the U.K. unemployment rate. Meanwhile, the Swiss franc improved significantly after the government moved to curb mortgage lending. What impact did these moves have on major currency pairs? What happened with USD/JPY, USD/CAD and AUD/USD at the same time? We invite you to read our today's Forex Trading Alert.

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Earlier today, the U.S. currency was steady against the euro, Swiss franc and yen. Meanwhile, the British pound extended gains after data showed that the U.K. unemployment rate fell to 7.1% in November (it was the largest drop in unemployment since 1997). Thanks to this news, the pound climbed to a three-week high against the greenback. Another currency that increased against the U.S. dollar was its Australian counterpart. The Australian dollar rebounded sharply after better-than-expected fourth quarter inflation data. What happened with our last currency pair? The greenback rose to a four-year highs against the Canadian dollar after the Bank of Canada left interest rates unchanged. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

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Earlier today, the U.S. dollar moved higher against the euro after worse-than-expected data from Germany. The U.S. currency also appreciated against the Swiss franc and the yen, while the pound erased the gains against the greenback after data showed that British factory orders fell in January. Meanwhile, the U.S. dollar rose to the highest level since September 2009 against its Canadian counterpart as expectations that the Fed will continue to scale back its stimulus program at the next policy meeting on January 29 to USD65 billion, from the current USD75 billion, weighed on the exchange rate. What impact did these moves have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

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Earlier today, the U.S. dollar declined from a two-month high against the euro and gave up the gains against its Canadian counterpart. The greenback also slipped lower against other major currencies, however, we should keep in mind that trade volumes remain thin as markets in the U.S. are closed for a holiday. What impact did it have on major currency pairs? If you want to know our take on this question, we invite you to read our today's Forex Trading Alert.

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Earlier today, the greenback improved against five major currencies. However, it slipped vs. the British pound after data showed that U.K. retail sales increased by 2.6% in December, far above expectations for a 0.4% rise. Speaking of economic data… The report that may improve the dollar’s outlook is the University of Michigan/Thomson Reuters consumer sentiment index for January. Will it support the U.S. Dollar in the following hours? Before we know the answer to this question, let’s take a look at the current situation in major currency pairs. We invite you to read our today's Forex Trading Alert.

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