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XE Market Analysis: North America - Oct 21, 2019

By: XE Market Analysis

Sterling has rallied to fresh five-month highs against the dollar, at 1.3011. This makes this week the third consecutive week where the previous week's peak has been breached. This is also potentially the eighth week the pair has rallied out of the last 11 weeks. Read more

XE Market Analysis: Europe - Oct 21, 2019

By: XE Market Analysis

The pound, and to a lesser extent the euro, wobbled in Asia following the weekend's developments on the Brexit front. Parliament voted in favour of the Letwin amendment, which forced the government to request a three-month delay in Brexit -- although not actually intended prevent Brexit on October 31, but rather to ensure that Parliament has successfully ratified PM Johnson's divorce deal before October 31 and so guarantee that a no-deal scenario could not happen. Read more

XE Market Analysis: Asia - Oct 18, 2019

By: XE Market Analysis

The Dollar fell further in N.Y. on Friday, with the DXY printing four consecutive lower daily lows through the week. The DXY touched a nearly two-month low of 97.35, down from Tuesday's high of 98.64. Softening U.S. data, and a likely 25 basis point Fed rate cut at the end of the month have weighed on the USD, while Brexit hopes supported the EUR and GBP this week as well. Read more

XE Market Analysis: Brexit: Have We Reached the End Game?

By: xemarketanalysis

OVERVIEW UK Parliamentarians will vote on the latest Brexit agreement tomorrow The greenback is broadly lower Japanese inflation data met expectations at 0.3% HIGHLIGHT According to Sir Elton John, Saturday night's alright for fighting. Read more

XE Market Analysis: North America - Oct 18, 2019

By: XE Market Analysis

The dollar has been seeing a steady-to-soft price action versus the other main currencies. AUD-USD managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD nudged higher after posting an intraday low at 1.1114 and came within a couple of pips of testing seven-week high that was seen yesterday at 1.1139. Read more

XE Market Analysis: Europe - Oct 18, 2019

By: XE Market Analysis

The dollar has found its feet after coming under pressure yesterday, although the AUD-USD still managed to eke out a fresh one-month high, at 0.6838, despite an ongoing sputtering price action in risk-wary global stock markets. EUR-USD has been holding a narrow range around 1.1120-30, below the seven-week high that was seen yesterday at 1.1139, and USD-JPY has settled above yesterday's two-day low at 108.45. Read more

XE Market Analysis: Asia - Oct 17, 2019

By: XE Market Analysis

The Dollar traded lower again in N.Y. on Thursday, weighed down by data misses for housing starts, industrial production and the Philly Fed index. Ahead of the open, the Euro and Pound were lifted by a surprising Brexit agreement, though without U.K. parliamentary approval, which remains uncertain, it will be back to the drawing board. Read more

XE Market Analysis: Will the Latest Brexit Agreement Pass Scrutiny in UK Parliament?

By: xemarketanalysis

OVERVIEW British PM Boris Johnson and EU Commission President Jean-Claude Juncker said the latest Brexit agreement is a "fair outcome" according to the BBC. The Philly Fed manufacturing index slid by 6 points The Aussie dollar increased on strong employment numbers. Read more

XE Market Analysis: North America - Oct 17, 2019

By: XE Market Analysis

The pound stormed higher on news that the UK and EU had reached a deal on Brexit before paring some of the gains amid the uncertainty about whether the deal will pass in the UK's Parliament, which will vote on it at a special session on Saturday. If it passes, then UK will be on track to exit on time, at the end of the October, though a technical delay could still be possible. Read more

XE Market Analysis: Europe - Oct 17, 2019

By: XE Market Analysis

The pound has turned lower in early London trading on news Northern Ireland's DUP announced that it will not support the plan being discussed by the UK government and EU. Brussels had reportedly said the needed to see that the DUP were on board on the dual customs union plan and tax proposals to ensure that the consent of Northern Irish parties. Read more

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