The British pound’s previous gains seem to fade away as the British currency came out weaker versus the dollar, as a result of the negative opening of Wall Street and the US dollar gains across the board. The GBP/USD pair traded between a low of 1.5728 and a high of 1.5863. The GBP/USD pair might fluctuate to the 1.58 levels and beyond if it manages to hold above the support level of 1.57.

The Japanese yen also weakened versus the dollar for two straight days, trading below the 82 level. The USD/JPY reached a high of 81.97 and a low of 81.30. It is expected to be a positive trend for the currency pair should it break the 82 resistance level. The Canadian dollar also declined versus the US dollar for the second day, with the USD/CAD trading at a high of 1.0377 and a low of 1.0225.

The euro declined versus the dollar for the 1st time in 3 days. This decline was due to a speculation that additional debt purchases by the Federal Reserve will accelerate the inflation. The trend for this forex trading pair is unclear since it has been fluctuating around the 1.3800 and 1.3900 levels. The EUR/USD pair exchanged at a high of 1.3982 and a low of 1.3825.

The British pound recovered versus the US currency after reaching its biggest weekly loss. The worse than expected Mortgage Approvals didn’t pull down the British currency, as buyers seemed to have an appetite for better yielding assets, overpowering the sellers in the end. Still, it is a negative momentum for the British pound, although the GBP/USD pair almost broke the daily moving average. The trend is still bearish, as the GBP/USD traded at a low of 1.5677 and a high of 1.5772.

Among the currency majors to post gains against the US dollar are the Japanese yen and the Canadian dollar. The Japanese yen touched a 15-year high versus the dollar, as the USD/JPY traded at a low of 80.40 and a high of 81.32. The Canadian dollar also bolstered versus the US currency to touch a weekly high. The USD/CAD traded at a low of 1.0154 and a high of 1.0258.

While the euro rallied versus the dollar, the British pound suffered from its highest loss against the dollar in a week since August. This outcome was prompted by speculations that the G20 summit in South Korea will throw support to the dollar over the pound. For the past few days, the GBP/USD has been on a bearish trend on the daily chart. The GBP/USD traded at a high of 1.5750 and a low of 1.5651.

Following the G20 resolutions, the Japanese yen remained at almost the same level against the dollar, as the USD/JPY traded at a low of 80.99 and a high of 81.50. The Canadian dollar, on the other hand, fluctuated versus the US dollar, after hints of a weaker economic recovery. The USD/CAD reached a high of 1.0302 and a low of 1.0223.

The dollar fell against most of the majors. Dow Jones increased by 1.18% and NASDAQ increased by 0.84%, crude oil increased by 2.9% to close at $81.77 per barrel, and gold increased to close at $1,344 per ounce.

The euro was also able to post gains against the dollar, thanks to the German PPI coming out better than expected at 0.3% instead of 0.2%. The EUR/USD pair traded at a low of 1.3699 and a high of 1.3991.

The euro was able to bounce back from its 11-day low against the dollar due to the worries over monetary policy. The EUR/USD forex trading pair was able to hit a daily high of 1.3801 over the Asian trading period, then consolidated at around 1.3792 for total gains of 0.46%. The euro also gained against the pound as the EUR/GBP hit 0.8775 for 0.38% in gains.

The euro fell by some large numbers against the dollar, breaking through the 1.4000 support level to trade between 1.3925 and 1.4000. The EUR/USD pair traded at a high of 1.3999 and a low of 1.3830. The British pound also fell against the dollar. After testing the 1.5950 resistance range, the pound fell below the 1.5900 mark. The GBP/USD pair traded at a high of 1.5993 and a low of 1.5834. The yen has been trading tightly against the dollar, although it is expected for the USD/JPY pair to continue its bearish trend in favor of the yen. The USD/JPY pair traded at a high of 81.39 and a low of 81.12.

In the US, core retail sales came out at 0.40% as expected, core CPI came out at 0% instead of the expected 0.10%, and the Fed budget balance came out at -34.50B instead of the expected -32B. Dow Jones fell by -0.29%, NASDAQ gained by 1.37%. Gold fell by -0.4% to close at $1,372 per ounce, and crude oil fell by 1.7% to close at $81.25 per barrel. In Europe, CPI results remained unchanged at 1%. Investors will have to be wary with all of the topsy-turvy changes going on in the market.

The euro gained against the dollar, trading at a high of 1.4122 and a low of 1.3980. The GBP/USD pair also went up to trade at a high of 1.6067 and a low of 1.5932. In perhaps the biggest news of the day, the JPY/USD pair hit a 15-year low, trading at a high of 81.72 and a low of 80.89.

The Japanese yen also went up versus the dollar, with the USD/JPY pair trading at a high of 81.80 and a low of 81.20. As the US market continues to plummet, the USD/JPY has set 15-year lows as it reached 81.20. With that, the USD/JPY is expected to sustain a bearish momentum as it trades below 81.75. The Canadian dollar also posted gains versus the US dollar, with the USD/CAD pair trading at a low of 1.0000 and a high of 1.0105.