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XE Market Analysis: Asia - Oct 17, 2019

By: XE Market Analysis

The Dollar traded lower again in N.Y. on Thursday, weighed down by data misses for housing starts, industrial production and the Philly Fed index. Ahead of the open, the Euro and Pound were lifted by a surprising Brexit agreement, though without U.K. parliamentary approval, which remains uncertain, it will be back to the drawing board. Read more

XE Market Analysis: Will the Latest Brexit Agreement Pass Scrutiny in UK Parliament?

By: xemarketanalysis

OVERVIEW British PM Boris Johnson and EU Commission President Jean-Claude Juncker said the latest Brexit agreement is a "fair outcome" according to the BBC. The Philly Fed manufacturing index slid by 6 points The Aussie dollar increased on strong employment numbers. Read more

XE Market Analysis: North America - Oct 17, 2019

By: XE Market Analysis

The pound stormed higher on news that the UK and EU had reached a deal on Brexit before paring some of the gains amid the uncertainty about whether the deal will pass in the UK's Parliament, which will vote on it at a special session on Saturday. If it passes, then UK will be on track to exit on time, at the end of the October, though a technical delay could still be possible. Read more

XE Market Analysis: Europe - Oct 17, 2019

By: XE Market Analysis

The pound has turned lower in early London trading on news Northern Ireland's DUP announced that it will not support the plan being discussed by the UK government and EU. Brussels had reportedly said the needed to see that the DUP were on board on the dual customs union plan and tax proposals to ensure that the consent of Northern Irish parties. Read more

XE Market Analysis: Asia - Oct 16, 2019

By: XE Market Analysis

The Dollar was lower on Wednesday in U.S. trade, leaving the DXY at one-month lows of 97.90, from opening highs of 98.39. Weaker U.S. retail sales dented USD sentiment, while a flat business inventory outcome put some downward pressure on Q3 GDP expectations. Read more

XE Market Analysis: EU Officials Burn the Midnight Oil, But An Exit Plan Remains Elusive

By: xemarketanalysis

OVERVIEW The USD wasn't among the many Democratic candidates debating last night, but it is under pressure. GBP is having a long-overdue day in the sun even after EU and UK officials were unable to come to terms on a Brexit agreement before the pre-summit midnight deadline. Several countries reported their inflation numbers yesterday. Read more

XE Market Analysis: North America - Oct 16, 2019

By: XE Market Analysis

The pound corrected some of its recent gains, and the Australian and New Zealand dollars came under some pressure amid a restive and risk-wary sentiment in global stock markets, while EUR-USD and USD-JPY, and most other pairings, held in narrow ranges. Read more

XE Market Analysis: Europe - Oct 16, 2019

By: XE Market Analysis

The dollar majors have been trading narrowly so far today. The pound has been consolidating after rallying yesterday as markets were tantalized by the prospect of a Brexit deal, which had until last week looked like a remote possibility. Cable posted five-month peak at 1.2800 just after the London fixing, subsequently correcting to the lower 1.2700s before turning back higher, with the bid presently at 1.2776. Read more

XE Market Analysis: Asia - Oct 15, 2019

By: XE Market Analysis

The Dollar was mostly lower in N.Y. on Tuesday, led by gains in both Sterling and the Euro, which came following reports that an EU/U.K. Brexit deal may be close. Cable vaulted to near five-month highs just under 1.2800, while EUR-USD topped at 1.1045. Read more

XE Market Analysis: Brexit X-Factor Helps Sterling Hit a 5-Month Peak

By: xemarketanalysis

OVERVIEW There is breaking news of a draft Brexit deal pushed the GBP up to 1.2750 Reports from the US and China are conflicting as far as how close the world's two largest economies are on a trade deal. HIGHLIGHT The GBP is up 0.5% on the day with Brexit X-factor dictating market sentiment. Read more

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