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XE Market Analysis: Europe - Mar 19, 2014

By: XE Market Analysis

The CNY made fresh lows while the USD majors posted inside ranges in uneventful trade as market participants sat on their collective hands ahead of the FOMC. The yuan dropped below 6.2000 for the first time since last April after the PBoC cut the reference rate to 6.1351, with the currency trading just over 1% below here, the biggest gap since 2007 (after the PBoC doubled the maximum daily trading band to 2% this week). Read more

XE Market Analysis: Asia - Mar 18, 2014

By: XE Market Analysis

The dollar was firmer versus the European majors in N.Y. trade on Tuesday, though lost modest ground to the yen. Equities rallied as Putin said he did not want to tangle with the West, and had no ambitions to invade the remainder of the Ukraine. Wall Street appeared to take him at his word, though oil rallied over $1/bbl, even as gold slipped back for the second day. Read more

The Russina Central Bank Faces A Nightmare Scenario

By: HaleStewart

With the situation in the Ukraine getting worse -- and with the threat of increased western economic sanctions against Russia an increasing possibility -- this appears to be a good time to take a look at the Russian economy to see if it could withstand increased trade problems. Read more

XE Market Analysis: North America - Mar 18, 2014

By: XE Market Analysis

News that Russian parliament approved a draft bill on absorbing Crimea seemed to elicit a return to a more world-wary market sentiment. This saw the euro decline and the yen outperform. EUR-USD ebbed to the 1.3900 area during the European AM after flat-lining around 1.3903-40 in Asia. Read more

XE Market Analysis: Europe - Mar 18, 2014

By: XE Market Analysis

Another fairy subdued session. USD-JPY eked out a new rebound high of 101.94, but subsequently ebbed lower, toward the mid-101s. EUR-JPY also ebbed back while EUR-USD flat-lined around 1.3903-40. The AUD briefly lifted in the wake of the RBA minutes to the March policy meeting, which said that a stable period of interest rates is likely, backing up Westpac's well flagged decision yesterday to remove its call for the RBA to cut rates in 2014. Read more

XE Market Analysis: Asia - Mar 17, 2014

By: XE Market Analysis

The dollar traded lower in N.Y. on Monday, taking EUR-USD over 1.3940, cable toward 1.6660, and USD-CHF down to near 0.8720. It appeared that talk of a diplomatic settlement to the Ukraine issue is gaining traction, though so far, there have been no concrete developments that would imply any sort of solution is near. Read more

XE Market Analysis: North America - Mar 17, 2014

By: XE Market Analysis

The USD has been mixed in early week trade, while the EUR has traded moderately softer on the view that U.S. and EU sanctions against Russia in the wake of the Crimea referendum may have negative implications for the Eurozone economy (cutting Russian natural gas imports, for instance). Read more

XE Market Analysis: Europe - Mar 17, 2014

By: XE Market Analysis

The major currencies have been fairly steady in early week trade. Asia stock markets posted moderate losses (MSCI Asia Pacific 0.5% for the worse), though the JPY traded moderately weaker and the AUD modestly firmer, breaking their usual correlations with equity market direction in subdued conditions. Read more

International Week in Review: China and Russia Start Screwing Things Up Edition

By: HaleStewart

There were two big stories this week from two of the BRIC countries. Russia continues its cold war replay with the situation in the Ukraine. The Russian central bank has already increased interest rates 150 basis points in a move to stem the rubel's sharp decline. Read more

Weekly Indicators: Consumers could use a St. Patrick's Day libation edition

By: New_Deal_democrat

Monthly news for February included increased retail sales, but with January's number revised downward.  Producer prices declined.  Consumer sentiment declined, and wholesale inventories increased to the highest level since the end of the last recession.   Read more


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