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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

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

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