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XE Market Analysis: Europe - Sep 25, 2019

By: XE Market Analysis

The dollar recouped losses seen yesterday in the immediate wake of news that the Democrats were commencing a formal impeachment inquiry against President Trump. The news, coupled with disappointing September consumer confidence data out of the U.S. and the harshly criticism of Trump on China's trade practices at the UN, saw S&P 500 futures close yesterday with a worst-in-a-month 0.84% decline. Read more

XE Market Analysis: Asia - Sep 24, 2019

By: XE Market Analysis

The Dollar headed lower in N.Y. on Tuesday, with losses coming on reports that the House Democrats are moving forward with impeachment proceedings against president Trump, based on reports that the president may have pressured the Ukraine president to investigate former vice president Joe Biden and his family's business dealings. Read more

XE Market Analysis: Sterling Finds Joy After PM Johnson Tastes Defeat In Supreme Court

By: xemarketanalysis

OVERVIEW PM Boris Johnson and President Donald Trump are both facing unprecedented tests to their leadership. Spot gold steadies below 2-week high Crude oil slides lower due to fear of slowing global demand HIGHLIGHT The British Pound is trading firmer, jumping 60 pips after the UK Supreme Court ruled the prorogation as “unlawful”. Read more

XE Market Analysis: North America - Sep 24, 2019

By: XE Market Analysis

The dollar has traded mixed, losing ground to the pound, which rallied into (not after) the UK's Supreme Court's decision to rule that the Boris Johnson's government's suspension of Parliament was unlawful, and the Australian dollar, which found demand via the AUD-JPY cross as equity markets in Europe rallied. Read more

XE Market Analysis: Europe - Sep 24, 2019

By: XE Market Analysis

Narrow ranges have been prevailing among the main currencies so far today. EUR-USD has been maintaining less than a 15 pip range just under 1.1000 and above yesterday's 12-day low at 1.0966. Cable has been in a similarly narrow range under 1.2450. The UK's Supreme Court will rule on the government's appeal of the illegal verdict reached by Scotland's highest court regarding its five-week suspension of Parliament. Read more

XE Market Analysis: Asia - Sep 23, 2019

By: XE Market Analysis

The Dollar steadied in N.Y. on Monday, after putting in a mixed performance overnight. Trade was generally light however. EUR-USD fell to 1.0966 lows in London morning trade after weak EU PMI data, resulting in European equities tumbling. The risk-off conditions weighed down USD-JPY, which fell to two-week lows of 107.31. Read more

XE Market Analysis: The Greenback is Steady as the Euro Plunges on Bleak Economic Outlook.

By: xemarketanalysis

OVERVIEW The American dollar is up by two-tenths of a percent on a basket of G-10 currencies. Once again, as the revised Brexit date grows nearer, and there is no orderly separation deal in place, there is pressure on the GBP. Negative economic data out of Germany and falling demand for goods and services is pushing the euro downwards. Read more

XE Market Analysis: North America - Sep 23, 2019

By: XE Market Analysis

The Dollar saw a two-week low against the Yen, but otherwise held steady-to-firmer, gaining most notably against the Euro and the Pound, the former underperforming following sub-forecast Eurozone PMI data and the latter taking a rotation lower after UK Prime Minister Johnson downplayed near-term prospects for a breakthrough in his negotiations with EU leaders on Brexit. Read more

XE Market Analysis: Europe - Sep 23, 2019

By: XE Market Analysis

The Pound has come under modest pressure at the open of the London interbank market, with markets reacting to UK Prime Minister Johnson remarks on Brexit, that he did not wish "to elevate excessively the belief that there will be a New York breakthrough," referring to the meetings he has scheduled this week with various EU leaders and officials at the UN General Assembly in New York. Read more

XE Market Analysis: Asia - Sep 20, 2019

By: XE Market Analysis

FX trade was relatively quiet on Friday, with no data to drive prices, and a fairly neutral risk backdrop. This said, the Dollar managed modest gains through the session, taking the DXY from opening lows of 98.43 to a 98.63 high. Wall Street was narrowly mixed, while Treasury yields edged a bit lower. Read more

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