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XE Market Analysis: North America - Sep 07, 2020

By: XE Market Analysis

Sterling has dropped sharply on reports, initially by the FT, that the UK government is planning to unpick parts of the withdrawal agreement that was signed with the EU in January, including elements of the special arrangements for Northern Ireland that are legally binding. Read more

XE Market Analysis: Europe - Sep 07, 2020

By: XE Market Analysis

A sleepy market was stirred by a drop in the pound, prompted by reports, initially by the FT, that the UK government is planning to unpick parts of the withdrawal agreement that was signed with the EU in January, including elements of the special arrangements for Northern Ireland that are legally binding. Read more

XE Market Analysis: Asia - Sep 04, 2020

By: XE Market Analysis

The Dollar rallied on Friday after the the solid U.S. August employment report, which saw non-farm payrolls increase nearly 1.4 mln, in-line with expectations. Earnings were better than forecasts, while the unemployment rate tumbled to 8.4% from 10.2%. Read more

XE Market Analysis: North America - Sep 04, 2020

By: XE Market Analysis

Narrow ranges have been prevailing ahead of the U.S. August payrolls report. Markets are also trading cautiously into next Thursday's ECB meeting, with some of the more dovish governing council members having this week expressed their concern about the appreciating trend of EUR-USD. Read more

XE Market Analysis: Europe - Sep 04, 2020

By: XE Market Analysis

The dollar has is at softer levels in narrow ranges following the sharp tech-led correction on Wall Street, which has in led to a sizeable retreat in global stock markets. The narrow trade-weighted USD index (DXY) settled just above yesterday's low at 92.69. Read more

XE Market Analysis: Asia - Sep 03, 2020

By: XE Market Analysis

The DXY headed up to 93.01 in late morning trade, after bottoming earlier at 92.77. The USD then faded in relatively light trade through much of the afternoon session. Weekly jobless claims were lower than expected, though the data were impacted by a change in the seasonal adjustment methodology, while the July trade deficit blew out to the highest levels since 2008. Read more

XE Market Analysis: North America - Sep 03, 2020

By: XE Market Analysis

The dollar is up for a third straight day as measured by the narrow trade-weighted DXY index, which posted a six-day high at 93.06, which further extended the rebound from Tuesday's 28-month low at 91.75. EUR-USD concurrently posted a one-week low at 1.1789, before an unexpected upward revision in the final Eurozone services PMI headline for August, to 50.5 from the prelim 50.1 reading, helped stabilize the euro, despite a -1.3% m/m outcome in July Eurozone retail sales. Read more

XE Market Analysis: Europe - Sep 03, 2020

By: XE Market Analysis

The dollar is up for a third straight day as measured by the narrow trade-weighted DXY index, which posted a six-day high at 93.03, further extending the rebound from Tuesday's 28-month low at 91.75. EUR-USD concurrently posted a one-week low at 1.1795. Read more

XE Market Analysis: Asia - Sep 02, 2020

By: XE Market Analysis

The Dollar posted modest gains in N.Y. on Wednesday, adding to the overnight advance. The driver of the USD move higher was comments from ECB chief economist Lane, who added a small dose of "verbal intervention, saying that the rise of the EUR is not a target for the central bank per se, EUR-USD is of course an important factor for the ECB's assessment of the inflation outlook. Read more

XE Market Analysis: North America - Sep 02, 2020

By: XE Market Analysis

The dollar built on the rebound that commenced from yesterday's trend lows, when above-forecast U.S. economic data and fresh record highs on Wall Street prompted some profit taking on short positions. The narrow trade-weighted USD index (DXY) posted a five-day high at 92.68. Read more

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