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XE Market Analysis: Asia - Sep 05, 2013

By: XE Market Analysis

The dollar reacted positively to better U.S. data in N.Y. on Thursday, while a dovish sounding ECB weighed on the euro. The ADP employment report came in as expected, setting the table for Friday's official NFP result. Q2 productivity was revised higher, while jobless claims were lower than forecast. Read more

XE Market Analysis: North America - Sep 05, 2013

By: XE Market Analysis

The dollar was mixed in Europe due to varying cross-currents and a rise in risk assets ahead of policy decisions from the BoE and ECB. They are both expected to leave policy unchanged. USD-JPY was an early mover as a downdraft in U.S. Treasuries lifted yields and this triggered a move to 100.12 highs. Read more

XE Market Analysis: Europe - Sep 05, 2013

By: XE Market Analysis

The dollar held steady in Asia. EUR and GBP met light selling on upticks as focus turned to central bank policy decisions from the ECB and BoE later today. The lead from regional equity markets was fairly mixed, though overall sentiment was underpinned following the positive close on Wall Street. Read more

XE Market Analysis: Asia - Sep 04, 2013

By: XE Market Analysis

The dollar was softer versus most currencies in N.Y. trade on Wednesday, though managed modest gains against the yen. USD-JPY traded back to the top of its recent range, though was still unable to take out the psychological 100.00 mark. EUR-USD meanwhile, managed to breach the 1.3200 level, after long term moving averaged at 1.3135-45 held up earlier this week. Read more

XE Market Analysis: North America - Sep 04, 2013

By: XE Market Analysis

The dollar traded on as easier footing amid rising expectations that the U.S. will launch a military strike against Syria. In Asia most of the action went through AUD, which broke above 0.9100 after Australia Q2 GDP rose 0.6% q/q from 0.5% in Q1 and extended to 0.9150 in Europe. Read more

XE Market Analysis: Europe - Sep 04, 2013

By: XE Market Analysis

The dollar consolidated Tuesday's gains and remained close to the top end of the recent range. There was no fallout from Syria despite rising expectations that the U.S. will launch a military strike. The exception in Asia was AUD, which broke above 0.9100 after Australia Q2 GDP rose 0.6% q/q from 0.5% in Q1. Read more

XE Market Analysis: Asia - Sep 03, 2013

By: XE Market Analysis

The dollar posted modest gains following a much better ISM outcome, along with firmer construction spending data, though it gave back its post-data gains versus the euro and yen, largely as Syria strikes were supported by congressional leaders on both sides of the aisle. Read more

XE Market Analysis: North America - Sep 03, 2013

By: XE Market Analysis

The dollar traded on the firmer side overall during the European morning. However, price action turned choppy in the latter part of the morning session as Russian news picked up reports of a missile launch in the Mediterranean. It was initially denied by various officials, but Israel later confirmed that it had carried out a joint missile test with the U.S. Read more

XE Market Analysis: Europe - Sep 03, 2013

By: XE Market Analysis

The dollar was relatively stable throughout the Asia session as Monday's U.S. holiday left ranges tight. EUR-USD continued to trade under 1.3200 after it broke lower into the European close. USD-JPY was an early mover and yesterday's break above 99.00 encouraged follow through demand up to 99.70. Read more

XE Market Analysis: Asia - Sep 02, 2013

By: XE Market Analysis

The dollar continued where it left off last week and ended the European session on the front foot. It was a poor session for flows with the U.S. and Canada closed for Labour Day, along with a busy week for both economic data and central bank policy. There were still encouraging signs on the global economy as China's official PMI release hit a 16-month high of 51.0 on the weekend release. Read more

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