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XE Market Analysis: North America - Nov 22, 2019

By: XE Market Analysis

The dollar has been trading steady-to-firmer so far today, posting gains against the euro and the pound following weak flash November PMI data out of the UK and Eurozone. EUR-USD printed a one-week low at 1.1047 in the wake of the flash November PMI data out of the Eurozone, where disappointing services data outweighed an improvement in manufacturing data. Read more

XE Market Analysis: Europe - Nov 22, 2019

By: XE Market Analysis

Currencies have been seeing unremarkable movement against a backdrop of sputtering global stock markets. Mixed leads from the U.S.-China trade negotiation front has fostered a fatigue in markets. President Xi said today that China wants to work out an initial trade agreement and has been trying to avoid a trade war, but is also not afraid to retaliate if necessary. Read more

XE Market Analysis: Asia - Nov 21, 2019

By: XE Market Analysis

The Dollar was mostly higher in N.Y. trade on Thursday, supported by generally decent incoming U.S. data. Jobless claims were a touch higher, though the Philly Fed index showed improvement, and exiting home sales rose. Conflicting trade news kept risk-taking levels hemmed in, leaving Wall Street on either side of flat, and Treasury yields modestly higher. Read more

XE Market Analysis: North America - Nov 21, 2019

By: XE Market Analysis

A moderate risk-back-on tone replaced what had been a moderate risk-off theme in global markets. This saw the yen pare gains seen during the Tokyo session, inversely tracking a down-then-up price action in global equity market direction. A WSJ report, citing sources, that Beijing has proposed to the U.S. Read more

XE Market Analysis: Europe - Nov 21, 2019

By: XE Market Analysis

The yen edged out fresh highs before paring these gains against the dollar and dollar bloc currencies, with net directional change among the main currencies overall registering as minimal as the London interbank session got under way. USD-JPY posted a one-week low at 108.27 before recouping to near net unchanged levels above 108.50. Read more

XE Market Analysis: Asia - Nov 20, 2019

By: XE Market Analysis

The Dollar was mixed in N.Y. on Wednesday, though largely range bound. There was no incoming data to drive the market, though a Reuters report indicated the so-called "Phase one" trade agreement between the U.S. and China, may not happen this year. This sent stocks and yields lower. Read more

XE Market Analysis: North America - Nov 20, 2019

By: XE Market Analysis

Risk-positioning has been underpinning the yen and the dollar. The biggest movers have been AUD-JPY and CAD-JPY, with respective daily losses of nearly 0.4%. Most developing-nation currencies were also showing declines. One standout mover has been the Canadian dollar, which has declined by about 1% from yesterday's lows against the U.S. Read more

XE Market Analysis: Europe - Nov 20, 2019

By: XE Market Analysis

The dollar and yen have firmed up amid a risk-off turn in global markets as tensions between the U.S. and China bubble up. The U.S. Senate yesterday passed a bill in support of Hong Kong's pro-democracy protestors, to which Beijing responded sharply, accusing Washington of being ignorant of "facts and truths" while threatening retaliation for interfering what it sees as its internal affairs. Read more

XE Market Analysis: Asia - Nov 19, 2019

By: XE Market Analysis

The Dollar was range bound in N.Y. trade on Tuesday, leaving the DXY inside of Monday's trading band. Incoming data was light, and an about as expected housing starts outcome had little impact on the markets. Risk off conditions prevailed, resulting in lower stocks and yields. Read more

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