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XE Market Analysis: Currency Market Steady Following FOMC Minutes and now Waits for Sino-US Trade Deal Announcement

By: xemarketanalysis

OVERVIEW The US dollar remains in consolidation mode against the major currencies The Australian dollar is experiencing volatile session, plunging nearly 1.1% against its US counterpart Read more

XE Market Analysis: North America - Feb 21, 2019

By: XE Market Analysis

The Dollar lifted on ascending hopes for a U.S.-China trade deal during the Asia session before coming off the boil during the London AM session. Sources cited by Reuters said Washington and Beijing have started to outline commitments in principle in what is described as the most significant progress yet. Read more

XE Market Analysis: Europe - Feb 21, 2019

By: XE Market Analysis

The Australian Dollar dove sharply, dropping over 1% in making a six-day low at 0.7086. The pair has reversed abruptly after rallying in the wake of a much stronger than anticipated jobs report out of Australia, hit but news that China was banning Australian coal imports out of the port of Dalian and imposing a overall cap on overall Australian coal imports for 2019 at 12 mln tonnes. Read more

XE Market Analysis: Asia - Feb 20, 2019

By: XE Market Analysis

The dollar ticked higher after the release of the FOMC minutes, EUR-USD faded under 1.1340 from 1.1370, while USD-JPY rallied over 110.80 from near 110.65. The minutes revealed few surprises, and the FX reaction appeared to be a bit of "buy the news" for the Dollar. Read more

XE Market Analysis: Currency Market is Subdued, Investors Seek Guidance from the FOMC Minutes

By: xemarketanalysis

OVERVIEW The US dollar bounces back after yesterday’s freefall and waits for the FOMC's meeting minutes Investors are also hoping for a real breakthrough in Brexit talks as the UK PM meets with EC President Read more

XE Market Analysis: North America - Feb 20, 2019

By: XE Market Analysis

The Dollar has put in a mixed performance, eking out a three-session high versus the Yen while posting losses against the Yuan and other Asian currencies -- a five-year low in the case of the Thai Baht -- and the Euro. EUR-USD posted a two-week high at 1.1358. Read more

XE Market Analysis: Europe - Feb 20, 2019

By: XE Market Analysis

The Dollar has traded mostly firmer against the other main currencies, though lost ground to the Yuan and other Asian currencies after a Bloomberg report yesterday suggested that the U.S. is set on securing a pledge from China that it will not devalue its currency as part of a trade deal. Read more

XE Market Analysis: Asia - Feb 19, 2019

By: XE Market Analysis

The Dollar index fell to nearly two-week lows in N.Y. on Tuesday, bottoming at 96.43, a d down from pre-open highs of 97.09. A dovish spin from Fed's Mester, softer Treasury yields, and a fairly steady risk backdrop weighed down the Greenback. Aside from upbeat housing data, the economic calendar was empty, giving markets little guidance. Read more

XE Market Analysis: Sterling Holds Steady on Positive Labour Market Data

By: xemarketanalysis

OVERVIEW GBP is climbing towards $1.30 today after UK labour market data showed earnings growth numbers which are the strongest they've been since 2008. Big week for central bank announcements this week with Fed minutes out tomorrow, Bank of Canada Governor Stephen Poloz to give a speech Thursday, RBA Governor Philip Lowe speaks in Australian Thursday, and ECB President Mario Draghi will step up to the podium Friday. Read more

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