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XE Market Analysis: Europe - Nov 13, 2019

By: XE Market Analysis

The New Zealand dollar surged by over 1% against the dollar and other currencies after the RBNZ surprised markets by refraining from cutting interest rates following its policy meeting today. NZ money market futures had been implying odds of 75% for the central bank to cut the benchmark rate to a new record low of 0.75%, which was instead left at 1.00%. Read more

XE Market Analysis: Asia - Nov 12, 2019

By: XE Market Analysis

The DXY printed near one-month highs of 98.42 in morning N.Y. trade on Tuesday, later fading to 98.27 lows. There was no data to drive the FX market, though as Treasury yields pulled back some, the Dollar turned slightly lower. EUR-USD managed to print fresh trend lows of 1.1003, while USD-JPY was range bound over its 200-day moving average at 109.02. Read more

XE Market Analysis: North America - Nov 12, 2019

By: XE Market Analysis

The dollar has firmed back some after declining moderately yesterday, which followed a phase of rising against most of the other main currencies (which started at the release of the unexpectedly robust October U.S. payrolls report). The narrow trade-weighted USD index (DXY) was a pip off the day's high at 98.35 heading into the New York interbank open, up from yesterday's 98.13 low and 5 pips of the one-month high seen on Friday. Read more

XE Market Analysis: Europe - Nov 12, 2019

By: XE Market Analysis

The yen took a rotation lower during pre-Europe trading in Asia as stock markets steadied after wobbling yesterday. A report in Politico saying that EU officials are expecting President Trump to confirm that he will delay hiking tariffs on EU cars and auto part imports for another six months, according to an EU source, gave investor spirits a boost after the president had said over the weekend that the media had exaggerated U.S. Read more

XE Market Analysis: Asia - Nov 11, 2019

By: XE Market Analysis

The dollar weakened on Monday, while the pound and yen outperformed on Brexit related news and on a sage-haven bid, respectively. The Australian dollar was also among the day's underperformers. Wall Street corrected after posting record highs on Friday, and most equity markets across the world turned lower. Read more

XE Market Analysis: North America - Nov 11, 2019

By: XE Market Analysis

The dollar has been trading with a softening bias so far in early week trading, correcting after posting gains against most other currencies last week. The narrow trade-weighhted USD index (DXY) has retraced over half of the gain it saw on Friday in making a low at 98.23. Read more

XE Market Analysis: Europe - Nov 11, 2019

By: XE Market Analysis

The yen has firmed up as risk aversion took a grip on markets in Asia as protests and the police response went next level amid reports that one protestor had been shot and killed. President Trump also said on Saturday that while trade talks with China were moving along "very nicely," the U.S. Read more

XE Market Analysis: Asia - Nov 08, 2019

By: XE Market Analysis

The DXY printed near four-week highs of 98.40 in N.Y. trade on Friday. There was little reaction to slightly softer than expected consumer sentiment numbers, and weaker wholesale data. The Dollar made gains against most major currencies, with the Yen the exception, which rallied modestly on a downturn in risk taking levels that were seen throughout much of this past week. Read more

XE Market Analysis: North America - Nov 08, 2019

By: XE Market Analysis

The dollar nudged higher during the late London morning session, while the yen also posted moderate gains against most currencies against a backdrop of sputtering stock markets in Europe. The narrow trade-weighted USD index (DXY) lifted to a 23-day high of 98.32 while EUR-USD concomitantly ebbed to a 23-day low, at 1.1026. Read more

XE Market Analysis: Europe - Nov 08, 2019

By: XE Market Analysis

Narrow ranges have been seen so far today among the main currencies, which comes with a degree of uncertainty creeping back in with regard to the prospects of a "phase 1" trade deal being reached between the U.S. and China. There are reports of fierce internal opposition among members of the Trump administration, while there is conjecture that President Trump will be emboldened by recent relatively strong U.S. Read more

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