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XE Market Analysis: Asia - Dec 10, 2019

By: XE Market Analysis

The Dollar was touch lower in N.Y. trade on Tuesday, though the DXY remained inside of the week's range so far, basing at 97.44 from highs of 97.60 seen during the morning session. A report that the U.S. and China are discussing delaying new U.S. tariffs set to kick off this Sunday, and the USMCA trade agreement announced had mixed impact on the USD, supporting the risk-sensitive USD-JPY, while seeing the Euro post gains as safe-have USD flows were reversed some. Read more

XE Market Analysis: Europe - Dec 10, 2019

By: XE Market Analysis

The New Zealand dollar posted a fresh four-month high versus the Australian dollar, while NZD-USD and NZD-JPY saw two-day highs. A shift in RBNZ policy expectations and an associated rise in NZ yields have been underpinning the kiwi. The 10-year U.S. T-note yield advantage relative to the NZ 10-year yield has narrowed by some 15 bps since late November. Read more

XE Market Analysis: Asia - Dec 09, 2019

By: XE Market Analysis

The Dollar perked up a bit in N.Y. on Monday, after losing some ground overnight. The DXY remained under Friday's post-jobs report high, with ranges overall remaining narrow. There was no incoming data to drive the FX market, and we now look for some consolidation ahead of Wednesday's FOMC announcement, and Thursday's ECB meeting. Read more

XE Market Analysis: North America - Dec 09, 2019

By: XE Market Analysis

The dollar lost ground to the yen and pound, while consolidating gains seen on Friday against the euro and Canadian dollar, among other currencies. The narrow trade-weighted USD index (DXY) was little changed heading into the New York interbank open after rallying nearly 0.5% on Friday. Read more

XE Market Analysis: Europe - Dec 09, 2019

By: XE Market Analysis

The pound rallied to new highs as two new polls show the Conservative party extending its lead over Labour. The late debate between PM Johnson and Labour's wannabe PM, Corbyn, was considered a draw, too, according to a poll by YouGov, suggesting that, with three days to go until the UK general election, there is now little change that Labour can close the popularity gap. Read more

XE Market Analysis: Asia - Dec 06, 2019

By: XE Market Analysis

The Dollar rallied in N.Y. trade on Friday, cutting a string of five-straight sessions of losses. A stronger than expected November jobs report, along with outsized gains in the University of Michigan December consumer sentiment index drove the USD higher. Read more

XE Market Analysis: North America - Dec 06, 2019

By: XE Market Analysis

A firmer yen and a rallying New Zealand dollar were the main shows in an otherwise quite town ahead of the release of the U.S. November employment report. The yen nudged higher despite gains in global stock markets, with position jigging seen into the release of the U.S. Read more

XE Market Analysis: Europe - Dec 06, 2019

By: XE Market Analysis

The yen has nudged modestly higher despite gains in Asian stock markets. USD-JPY printed a two-day low at 108.65. The Japanese currency also saw a two-day low versus the Canadian dollar, but remained above respective Thursday lows against the euro, sterling and other currencies in overall non-committal markets into the release of the November U.S. Read more

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

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