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XE Market Analysis: Europe - Jul 23, 2019

By: XE Market Analysis

The Dollar has retained support, partly amid markets more circumspect view of Fed easing potential and partly as other central banks, most notably the ECB, are heading in the direction of the stimulus spigot, while the expected announcement later today confirming that Boris "no-deal Brexit" Johnson is the new prime minister of the UK is keeping the Pound under pressure. Read more

XE Market Analysis: Asia - Jul 22, 2019

By: XE Market Analysis

The Dollar was little changed overall in N.Y. trade on Monday, with the major pairings remaining inside of a narrow trading band. The DXY topped at 97.27, up from early lows of 97.18. There was no market moving data. Wall Street was narrowly mixed, while Treasury yields were a touch lower. Read more

XE Market Analysis: North America - Jul 22, 2019

By: XE Market Analysis

The Dollar has remained underpinned amid the scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) rose fractionally, to 97.24, but remained below Friday's peak at 97.29. Read more

XE Market Analysis: Europe - Jul 22, 2019

By: XE Market Analysis

The Dollar has remained underpinned amid a scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) has risen fractionally, to 97.24, but has so far remained below Friday's peak at 97.29. Read more

XE Market Analysis: North America - Jul 19, 2019

By: XE Market Analysis

The Dollar settled at firmer levels after the New York walked back the dovish remarks of Williams yesterday. The narrow trade-weighted USD index (DXY) was showing a near 0.3% gain heading into the New York interbank open, at 97.02, up from the 16-day low see late yesterday at 96.67. Read more

XE Market Analysis: Europe - Jul 19, 2019

By: XE Market Analysis

The Dollar found a footing after weakening during the New York PM session yesterday. The narrow trade-weighted USD index (DXY) has settled around the 96.85 mark, up from the 16-day low seen late yesterday at 96.67, which was the culmination of a 0.6% decline. Read more

XE Market Analysis: Asia - Jul 18, 2019

By: XE Market Analysis

The Dollar attempted to rally in N.Y. on Thursday following in-line jobless claims, and a stronger than expected Philly Fed index, though later faded as Wall Street sold off and Treasury yields pulled back from highs. The DXY opened at 97.16 lows, rallied to 97.25 highs, before fading to 97.13. Read more

Currency Market Analysis: Sterling Rises Following Barnier Comments and Better Than Expected Retail Sales

By: xemarketanalysis

OVERVIEW Better-than-expected retail numbers in the UK are giving sterling much-needed support EU Chief Negotiator Michel Barnier signalled a willingness to discuss terms on the Irish backstop Stock markets, the price of gold, and crude oil prices are mostly down in today's trading HIGHLIGHT We have seen the pound strengthen this morning following comments from the EU’s Chief Negotiator Michel Barnier stating that they are ready to work on alternative arrangements for the Irish Border. Read more

XE Market Analysis: North America - Jul 18, 2019

By: XE Market Analysis

The Dollar rebounded after printing fresh lows against the Euro, Yen and a number of other currencies in early European trading. This saw EUR-USD correct to around 1.1210 from the two-day high seen earlier at 1.1243. A rekindling in expectations for the Fed to entertain an outsized 50 bp rate hike at the upcoming FOMC meeting, sparked by a WSJ report suggesting that trade negotiations between the U.S. Read more

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