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XE Market Analysis: Asia - Dec 05, 2019

By: XE Market Analysis

The Dollar posted its fourth consecutive day of losses on Thursday, though ranges were tight, leaving the DXY at a one-month low of 97.36. Incoming U.S. data was decent, but went little way to support the USD. The trade deficit narrowed, jobless claims were lower, while factory orders were in-line with expectations. Read more

XE Market Analysis: North America - Dec 05, 2019

By: XE Market Analysis

The dollar has traded mixed so far today, losing ground the pound, which continued to outperform as markets factor in a Conservatives-with-majority outcome in next week's general election in the UK, holding near steady versus the euro, gaining on the yen, which retained a heavy tone amid a backdrop of buoyant stock markets. Read more

XE Market Analysis: Europe - Dec 05, 2019

By: XE Market Analysis

Sterling has continued to unwind its Brexit discount at a pace, with Cable hitting a new seven-month high and EUR-GBP a 31-month low in early London trading. With just a week to go until the UK's general election, it's looking increasingly unlikely that Labour will close the popularity gap with PM Johnson's Conservative party. Read more

XE Market Analysis: Asia - Dec 04, 2019

By: XE Market Analysis

The Dollar lost ground through the morning session in N.Y. on Wednesday, with declines coming on the back of a weaker ADP employment survey, and a miss in the services ISM. The USD later bounced some, as risk-on conditions prevailed. Wall Street and Treasury yields were higher following a Bloomberg report that a phase-one U.S./China trade deal may be in the cards before the imposition of additional tariffs, due December 15. Read more

XE Market Analysis: North America - Dec 04, 2019

By: XE Market Analysis

The yen came under pressure as a risk-on trade broke out in global markets, with stock markets and high beta assets and currencies rallying and safe haven assets and currencies falling back. The catalyst was a Bloomberg report, citing U.S. officials who are in the loop of the trade negotiations with China saying that progress to a deal is being made despite tensions over Hong Kong and Xinjiang, and that a "phase 1" deal could be signed off before December 15, the U.S. Read more

XE Market Analysis: Europe - Dec 04, 2019

By: XE Market Analysis

The yen has rallied on a safe-haven bid as global stock markets turn lower after President Trump, nearly two months after announcing the limited "phase 1" trade deal with China, said that trade negotiations may be postponed until after the 2020 presidential election. Read more

XE Market Analysis: Asia - Dec 03, 2019

By: XE Market Analysis

The Dollar fell broadly again in N.Y. trade on Tuesday,leaving the DXY at one-month lows of 97.65, down from 97.85 at the open, and 98.38 at Monday's peak. There was no data today, though fallout from Monday's weak manufacturing ISM and slide in construction spending continued to a degree. Read more

XE Market Analysis: North America - Dec 03, 2019

By: XE Market Analysis

The dollar saw its biggest one-day drop in about two months yesterday, by the measure of the narrow trade-weighted USD index (DXY). The index also extended lower today, printing a 12-day low at 97.75. The Fed's inflation-adjusted broad effective exchange rate continues to trade near, although off, three-year highs following an 8% rally from early 2018. Read more

XE Market Analysis: Europe - Dec 03, 2019

By: XE Market Analysis

The dollar has consolidated losses seen yesterday following the unexpected four-consecutive month of contraction in the November ISM manufacturing report out of the U.S. A side theme has been Australian dollar outperformance, while most of the other main currencies have traded neutrally so far today. Read more

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