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XE Market Analysis: Asia - Aug 27, 2015

By: XE Market Analysis

The dollar added to recent gains in N.Y. on Thursday, as an outsized upward revision to U.S. Q2 GDP got the ball rolling. Growth was upgraded to 3.7% from the original print of 2.3%. This was stronger than median forecasts, and good enough to take the greenback higher. Read more

XE Market Analysis: Europe - Aug 27, 2015

By: XE Market Analysis

The dollar traded with a modest downside bias during pre-Europe trade in Asia, correcting some of the gains seen on Wednesday. EUR-USD recovered to the 1.1350 area after logging a six-day low at 1.1292 late yesterday, and USD-JPY ebbed back under 120.00 after peaking at a two-day high of 120.36 in early Asia-Pacific trade. Read more

XE Market Analysis: Asia - Aug 26, 2015

By: XE Market Analysis

The dollar rallied modestly after better durables data, though fell back some in morning trade, as Wall Street gave back the lion's share of opening gains. In addition, dovish Fedspeak from Dudley, who said a September rate hike "seems less compelling to me" than a few weeks ago had an impact. Read more

XE Market Analysis: North America - Aug 26, 2015

By: XE Market Analysis

EUR-USD dove to the low 1.14s from the European AM session high of 1.1519 aftr ECB's Praet said that commodity price weakness is rekindling disinflation risks. There had already been conjecture in markets that the ECB would not be happy by the euro's ascent, which, if sustained, could prompt an expansions in QE. Read more

XE Market Analysis: Europe - Aug 26, 2015

By: XE Market Analysis

Currency markets have been tranquilized by the tonic of China's easing yesterday, which has underpinned Chinese and other Asian stock markets today. The dollar traded moderately firmer amid the cautious risk-on backdrop. EUR-USD drifted back under 1.1500, but remained comfortably above yesterday's 1.1396 low. Read more

XE Market Analysis: Asia - Aug 25, 2015

By: XE Market Analysis

The dollar was in full recovery mode in N.Y. trade on Tuesday, following Monday's meltdown. China's rate cut lit a fire under equity futures early on, which had already decoupled from China's ongoing stock rout, allowing the greenback to recover a good chunk of what it had lost on Monday. Read more

The China Syndrome

By: New_Deal_democrat

or, China sneezes, so the US catches ... the sniffles. If this is going to be the Asian Century, then the globe is probably entering the first Asian-led recession. But that doesn't necessarily mean that the US economy is going to contract. In the first place, we have trod this path before at least twice in living memory. First, in the 1980's we heard all about how Japan, the world's second largest economy, was going to become the global hegemon. Read more

XE Market Analysis: North America - Aug 25, 2015

By: XE Market Analysis

Things turned on their head today with risk-appetite returning to broader global markets despite another plunge in Chinese markets, which today saw the Shanghai Composite finish another 7.6% in the red. Japanese stocks were also lower, rattled by yesterday's surge in the yen, but Australian, Taiwan, and South Korean markets led a broader equity market rebound. Read more

XE Market Analysis: Europe - Aug 25, 2015

By: XE Market Analysis

Sanity has returned to currency markets after yesterday's wild gyrations. Asian currencies, ex-yen, traded firmer to the dollar, while the U.S. currency itself has found its feet against the euro and yen, when had been the safe haven currencies of choice up until yesterday. Read more

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