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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

XE Market Analysis: Asia - Dec 02, 2019

By: XE Market Analysis

Weak manufacturing ISM and construction spending conspired against the Dollar and Wall Street in N.Y. on Monday,taking the DXY to eight session lows of 97.82 from 98.38 into the open. The data, along with talk of the imposition of U.S. tariffs on Brasil and Argentina dented sentiment, while hopes for a phase one trade deal ebb and flow depending on the day. Read more

XE Market Analysis: North America - Dec 02, 2019

By: XE Market Analysis

The dollar has traded mixed, gaining on the yen, which continued to underperform, posting fractional gains versus the euro and sterling, the latter of which was suppressed by the latest political polling ahead of the UK's upcoming general election, while losing ground to the Australian and New Zealand dollars, which have outperformed so far today. Read more

XE Market Analysis: Europe - Dec 02, 2019

By: XE Market Analysis

The yen softened amid a cautious risk-on theme in markets, which lifted stock markets in Asia moderately. While concerns remain about progress in U.S.-China trade talks ahead of a December-15 deadline for a tariff hike, with U.S. legislation on Hong Kong human rights souring relations, Chinese manufacturing PMI surveys came in better than expected. Read more

XE Market Analysis: Asia - Nov 29, 2019

By: XE Market Analysis

FX trade was very light on Friday, with many traders taking the day after Thanksgiving off. There was no data to drive prices, though the Dollar was mostly lower overall. The DXY pulled back from levels last seen on October 15, printing 98.54 early, before easing to 98.23 into the London close. Read more

XE Market Analysis: North America - Nov 29, 2019

By: XE Market Analysis

The dollar majors have remained without direction in light trading conditions. European stock markets found a footing today, but global stock markets have overall been in sputtering mode on concerns that the souring in U.S.-China relations over Hong Kong (where fresh large pro-democracy demonstrations are reportedly being planned for the weekend) will make trade-deal making harder, seven-weeks after the "phase-1" deal in principle was announced. Read more

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