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XE Market Analysis: North America - Mar 30, 2017

By: XE Market Analysis

The dollar saw fresh highs versus the euro, which remained under general pressure, and remained generally underpinned against most other currencies. EUR-USD clocked a 10-day low at 1.0730. A combo of ECB-speak and Eurozone data maintained pressure on the common currency. Read more

XE Market Analysis: Europe - Mar 30, 2017

By: XE Market Analysis

The dollar has continued to hold up, trading at or near one-week-plus highs versus the other major currencies. USD-JPY earlier clocked a six-day high at 111.42, since ebbing back toward 111.00. EUR-USD has remained heavy, coming within a pip of yesterday's 10-day low at 1.0740, which was seen after a Reuters report suggested that the ECB is not ready to change its dovish guidance, with recent speculation of otherwise having been based on a misinterpretation. Read more

XE Market Analysis: Asia - Mar 29, 2017

By: XE Market Analysis

The dollar was relatively steady through the N.Y. session on Wednesday, trading on either side of 1.0750 against the euro, after slipping from over 1.0780 at the open, and on either side of 111.00 versu the yen. Risk taking levels were mixed, as yields dipped, and Wall Street underperformed. Read more

XE Market Analysis: British Pound Stable as Article 50 Triggered

By: xemarketanalysis

OVERVIEW A source at the ECB said that March’s message of reducing their stimulus was “way over-interpreted”. Ian McCafferty from the BoE played down suggestions that he would follow Kristen Forbes lead and start voting for a rate hike. UK consumer borrowing slowed less than expected in February, rising £1.44bn versus forecasts of £1.3bn. The Fed’s vice chairman Stanley Fischer said that he sees a further two rate hikes this year. Read more

XE Market Analysis: North America - Mar 29, 2017

By: XE Market Analysis

Sterling largely took the signing of the official Brexit divorce papers in stride, moving modestly higher against both the dollar and the euro. Elsewhere, mostly steady equity markets in the U.S. and Europe, along with sideways action in sovereign yields, has seen the dollar flatten out as well. Read more

XE Market Analysis: Europe - Mar 29, 2017

By: XE Market Analysis

It's D-day for Brexit and the pound is down, showing an average 0.4% loss versus the G3 currencies heading into the London interbank open. There is an awful lot of water to pass under the bridge over the next two years, which is the minimum time for negotiations following today's expected long-awaited triggering of Article 50 by PM May, while the EU side may not be ready to negotiate in earnest until after French and German elections, in April and September, respectively. Read more

XE Market Analysis: Asia - Mar 28, 2017

By: XE Market Analysis

The dollar started out on a mostly steady footing in N.Y. on Tuesday, though made advances later in the session, as the latest consumer confidence report was way higher than forecast. This resulted in rising yields, rising stocks, and a rising dollar. Read more

XE Market Analysis: Rate Hike Focus Steadies Greenback

By: xemarketanalysis

OVERVIEW A German chamber of commerce survey found almost half of the 1,300 firms surveyed expect Brexit to have a negative impact on trade. Exports to the UK have already begun falling. US consumer confidence surged to 125.6 in March, its highest reading in 16 years. US house prices rose at an annualized pace of 5.7% in January, slightly above market forecasts of 5.6%. Stock markets are making tentative gains after falling for the past week and oil prices are marginally higher. HIGHLIGHT The US Dollar has stabilized after comments from two Fed officials supporting further rate hikes this year moved the focus away from Trump's failed healthcare bill. US DOLLAR The US Dollar recovered from earlier losses and is trading marginally higher on the day versus the Euro and the British Pound, helped by optimistic consumer confidence. BRITISH POUND The British Pound is starting to give back some of its recent impressive gains as investors look to book some profit and reduce their risk ahead of tomorrow's triggering of A50. Read more

XE Market Analysis: North America - Mar 28, 2017

By: XE Market Analysis

The dollar and other major currencies traded in relatively narrow ranges. The unwinding of the "Trumpflation" trade came to a pause, reflected by a calm trading in stock markets and the dollar. EUR-USD settled in the mid 1.080s after yesterday failing to sustain gains above 1.0900. Read more

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