Earlier today, the British pound remained steady against the dollar as the Bank of England left interest rates at record lows of 0.5%. Meanwhile, the euro declined against the U.S. currency despite the European Central Bank decided to leave its interest rates on hold (at their record low of 0.25%). However, it reversed after a disappointing U.S. trade balance reading. The greenback was little changed against the Japanese yen, but declined sharply against the Swiss franc. What happened with the AUD/USD pair? The Aussie climbed to three-and-a-half week high against its U.S. counterpart boosted by an unexpected trade surplus in December and better-than-expected retail sales. Additionally, the National Australia Bank said that its business confidence index rose to 8 in the fourth quarter from a reading of 5 in the third quarter. What is the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

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Earlier today, the U.S. currency moved lower against the euro after data showed that the euro zone's private sector posted its strongest growth in more than two-and-a half years in January. The greenback also declined against the yen and its Canadian counterpart. Meanwhile, the U.S. dollar increased against the British pound after data showed that the U.K. services PMI for January dropped to a seven-month low of 58.3. The U.S. currency also improved against the Swiss franc and the Australian dollar. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

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Earlier today, the U.S. currency erased some losses against the euro, yen and Swiss franc. However, the greenback moved lower against the British after data showed that construction output in the U.K. rose at the fastest rate since August 2007 in January, suggesting that the economic recovery is continuing. The U.S. dollar also declined against its Australian counterpart after the Reserve Bank of Australia left rates on hold at 2.5%. What impact did these numbers 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 moved lower against most of major currencies after weaker-than expected U.S. economic data which showed that U.S. manufacturing PMI dropped to 53.7 in January (from December's 55.0). Additionally, the Institute for Supply Management’s manufacturing index fell to a seven-month low in January. What impact did these numbers 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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Although the greenback declined against the Japanese Yen, the U.S. currency improved against other major currencies hitting a fresh January high against the euro and its Canadian counterpart. Did these moves change the outlook for major currency pairs? We invite you to read our today's Forex Trading Alert.

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