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XE Market Analysis: Europe - Sep 11, 2019

By: XE Market Analysis

The Dollar has remained mostly in narrow ranges so far today against the other main currencies, with the exception being the Yen, which has continued to see its safe haven premium deflate. USD-JPY printed a fresh six-week peak, at 107.84, in what is now a third consecutive day of ascent, which in turn amid a third consecutive week of gains. Read more

XE Market Analysis: Asia - Sep 10, 2019

By: XE Market Analysis

The Dollar headed slightly lower in quiet N.Y. trade on Tuesday, later recovering to near unchanged on the day. There were few driving factors, with no significant data releases on the calendar. The uptick in the USD later in the session was largely driven by higher Treasury yields, which headed up as the 3-year note auction was poorly subscribed. Read more

XE Market Analysis:British MPs Protest Suspension of Parliament Until October 14th

By: xemarketanalysis

OVERVIEW British MPs loudly voiced their objection to the suspension of parliament until October 14th with chants of "No", songs and signs of protest. US Dollar Index remains flat in these dog days of summer Canadian housing data beat forecasts as the economy shows resilience HIGHLIGHT It appears Prime Minister Johnson will have to go with hat in hand to Brussels and ask for another Brexit extension, despite his extreme reluctance to do so. Read more

XE Market Analysis: North America - Sep 10, 2019

By: XE Market Analysis

Safe haven currencies saw fresh lows against the Dollar, and a range of other currencies, during the pre-London part of the Asian session today before settling amid a generally directionally constrained session in the London morning session in forex markets. Read more

XE Market Analysis: Europe - Sep 10, 2019

By: XE Market Analysis

The Yen has remained under pressure, which has seen both USD-JPY and AUD-JPY print fresh six-week highs. U.S. Treasury Secretary Steven Mnuchin signalled "lots of progress on talks" recently with regard to trade negotiations with Beijing. We've heard such upbeat rhetoric many times in the many previous rounds of the so-far fruitless trade discussions, though the signalling, along with expectations of economic stimulus in Europe and China, have been keeping global stock markets underpinned, which in turn has been feeding an unwinding in the Japanese currency's safe haven premium. Read more

XE Market Analysis: Asia - Sep 09, 2019

By: XE Market Analysis

The Dollar was slightly lower through the U.S. session on Monday, seeing the DXY dip from opening highs of 98.34, to a low of 98.14. There was no incoming data to move the market. EUR-USD rallied from 1.1028 to 1.1068 highs, while USD-JPY fell from 107.18 to 106.93 before bouncing back to 107.15. Read more

Currency Market Analysis: The USD Has a Case of the Mondays as Loonie Lifts and Pound Perky

By: xemarketanalysis

OVERVIEW There are no significant data announcements today, so today should be quiet in currency markets ​The greenback is lower on last week's lower-than-expected job growth in the US The GBP is climbing despite a Parliamentary proroguation and scant chance EU leaders will agree to another Brexit delay HIGHLIGHT Across the Atlantic, it will be a pivotal week for the British Pound: British Parliament is set to be prorogued with a scheduled return on Monday 14th. Read more

Currency Market Analysis: The USD Has a Case of the Mondays as Loonie Lifts and Pound Perky

By: xemarketanalysis

OVERVIEW There are no significant data announcements today, so today should be quiet in currency markets ​The greenback is lower on last week's lower-than-expected job growth in the US The GBP is climbing despite a Parliamentary proroguation and scant chance EU leaders will agree to another Brexit delay HIGHLIGHT Across the Atlantic, it will be a pivotal week for the British Pound: British Parliament is set to be prorogued with a scheduled return on Monday 14th. Read more

XE Market Analysis: North America - Sep 09, 2019

By: XE Market Analysis

The Pound and the Australian Dollar outperformed while the Yen and Swiss Franc underperformed, with the U.S. currency fluctuating in between. Sterling has rallied on unexpected UK data perkiness, along with today being the day that the bill that will stop a no-deal Brexit happening on October becomes law. Read more

XE Market Analysis: Europe - Sep 09, 2019

By: XE Market Analysis

The Australian Dollar edged out fresh highs, posting six-week peak against both the U.S. Dollar and the Yen, amid a backdrop of rising stock markets in Asia. This came despite weak export data out of China, which followed Friday's underwhelming U.S. jobs headline, with markets preferring to focus on the expectation for more stimulus rather than the fear of slowing global growth (the meat of the jobs report out of the U.S. Read more

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