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XE Market Analysis: Europe - Oct 31, 2019

By: XE Market Analysis

The dollar has extended its post-Fed declines, which has seen the narrow trade-weighted USD index (DXY) print a one-week high at 97.29. EUR-USD pegged a 10-day high at 1.1170, Cable a one-week high at 1.2944, and AUD-USD a new three-month peak at 0.6929, extending the rise from the major trend lows seen in early October to 3.9%. Read more

XE Market Analysis: Asia - Oct 30, 2019

By: XE Market Analysis

FX trade was quiet ahead of the FOMC announcement, though the USD did perk up slightly early in the session following an in-line ADP jobs report, and a better than expected Q3 U.S. GDP outcome. Later, the Dollar traded slightly higher after the Fed cut interest rates by 25 basis points, as was widely expected. Read more

XE Market Analysis: North America - Oct 30, 2019

By: XE Market Analysis

Both the dollar and yen ebbed against most other currencies, especially the euro, sterling and the Australian dollar, which have been moderate outperformers so far today. EUR-USD edged out a six-day high at 1.1123, and EUR-JPY posted a six-day peak. Cable also printed a six-day high, at 1.2905, and while GBP-JPY lifted, the cross remained shy of yesterday's highs. Read more

XE Market Analysis: Europe - Oct 30, 2019

By: XE Market Analysis

The dollar has been trading softer versus the Australian dollar, euro and sterling, while holding steady in narrow ranges against the yen and Canadian dollar, among other currencies. Political developments in the UK have, 1, put on a general election for December 12, and 2, prevented the spectre of a so-called 'zombie' parliament, with the Labour Party having decided to back down from blocking an election. Read more

XE Market Analysis: Asia - Oct 29, 2019

By: XE Market Analysis

The Dollar fell through the N.Y. morning session on Tuesday, with gains in the Euro and Pound again weighing on the USD. News that the U.K. Labour Party, the principal opposition in the UK, will back a general election in early December was a driver of both GBP and EUR strength. Read more

XE Market Analysis: North America - Oct 29, 2019

By: XE Market Analysis

The pound leapt upward in late London morning trading on news that the Labour Party, the principal opposition in the UK, will back a general election in early December, which now looks inevitable. Cable sprang to around 1.2870-75 from the low 1.2800s, and the UK currency posted gains versus other currencies. Read more

XE Market Analysis: Europe - Oct 29, 2019

By: XE Market Analysis

The yen ebbed to fresh lows against a number of currencies as market positioning continue to skew away from the safe haven currency. USD-JPY eked out a fresh three-month high at 109.06, while EUR-JPY and AUD-JPY lifted to respective five- and eight-day highs. Read more

XE Market Analysis: Asia - Oct 28, 2019

By: XE Market Analysis

The Dollar was mixed overall in N.Y. trade on Monday, with USD-JPY leading the gainers. That pairing briefly topped at 109.04, a near three-month high. EUR-USD was range bound between 1.1085 and 1.1101. USD-CAD printed three-month lows of 1.3050, while GBP-USD topped at 1.2875. Read more

XE Market Analysis: North America - Oct 28, 2019

By: XE Market Analysis

The pound and the euro has seen modest strength after the EU affirmed that a three-month Brexit extension would be permitted to the UK, which effectively rule out a no-deal Brexit this Thursday (being October 31). Cable posted a high at 1.2859, which is just 4 pips shy of the peak seen on Friday, before ebbing back to around 1.2830, which still left the pound at modestly higher levels on the day. Read more

XE Market Analysis: Europe - Oct 28, 2019

By: XE Market Analysis

USD-JPY edged out an 11-day high at 108.79, surpassing Friday's high by 2 pips. The New Zealand dollar also saw an 11-day low versus the U.S. currency, while the Canadian dollar nudged just below the low it saw against the U.S. buck on Friday. Ranges have been narrow, while most of the other main currency pairings and cross rates remained comfortably within respective Friday ranges. Read more

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