Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
OVERVIEW The USTR adds a 10% levy on $200 billion worth of Chinese goods. No breakthrough yet on NAFTA though officials will get back to the table again on Wednesday. Read more
Both the Dollar and Yen are coming under pressure as European interbank markets enter the fray, in a kind of "sell the fact" manner following the announcement by Trump that the U.S. will implement tariffs on a further $200 bln of Chinese imports. The decision was pretty much fully expected, having been flagged last Friday by sources cited by the Washington Post and Bloomberg, while the stepped approach (10% tariff rate to be implemented on Monday before rising to 25% on January 1), perhaps designed to minimise the impact on U.S. Read more
OVERVIEW The US Dollar is weaker relative to competing currencies as a new round of trade tariffs is set to be announced in Washington Sterling is stronger on hopes of an Irish Border solution The Loonie is showing strength on higher oil prices and the weaker US Dollar HIGHLIGHT The trade war between the world's two largest economies - China and the USA - continued to gather momentum today, Speculation arose that Washington was lining up a new round of tariffs to impose on Chinese imports into the US. Read more
The Dollar has come under moderate but broad pressure. EUR-USD lifted back above 1.1650, gaining about 30 pips on the day amid a bout of general dollar weakness. Last week's sub-forecast U.S. CPI data, which followed more benign than anticipated PPI figures the day before, has continued to have some resonance, although reports that President Trump will in the coming days announce his decision to proceed with tariff hikes on $200 bln worth of Chinese imports is a potential dollar-support event. Read more
OVERVIEW Investors stay away amidst uncertainty over global trade issues. No major update on NAFTA as US and Canadian officials are still wrangling over crucial issues in the dairy and media industries. Oil futures are back below $70, and Precious Metals are trading up with Gold futures up around by $1.65 to $1,208.50 per ounce. Read more
The Dollar extended declines that were sparked by yesterday's U.S. CPI data. EUR-USD has posted a new high for a third consecutive day, this time at 1.1721, which is the loftiest level seen since the late-August peak at 1.1733. Cable edged out a fresh six-week high of 1.3138, tracking EUR-USD higher amid broader Dollar weakness, with EUR-GBP holding in a near directionless stasis. Read more
Cool U.S. CPI data was the story for the Dollar in N.Y. on Thursday, which resulted in the Greenback initially losing ground across the board. As risk appetite picked up on hopes for progress on global trade, Wall Street rallied, allowing risk-sensitive USD-JPY to advance to just shy of 112.00. Read more
The Dollar has traded mixed so far today, losing ground to the Australian Dollar, holding steady against the Pound while gaining on the Yen and Canadian Dollar. The overriding theme has been Yen weakness, which has been subject to a safe-haven premium unwind following the U.S. Read more
The dollar traded lower versus major currencies in N.Y. on Wednesday, initially falling on the back of cooler U.S. PPI numbers, then dropping further as reports circulated that the U.S. and China would restart stalled trade talks in the next few weeks. Read more
