Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
In-line existing home sales, a better Richmond Fed index, and mostly better than expected corporate earnings re;eases helped the dollar modestly higher on Tuesday. Wall Street and Treasury yields were higher as well. Overall however, the FX market remained narrowly traded, with EUR-USD peaking at 1.324 early in the session, before basing at 1.3790. Read more
The USD posted moderate losses against most of the other main currencies. Sterling was the relative outperformer as markets are factoring in risk of a relatively hawkish tone in Wednesday's release of the BoE MPC minutes to the early April policy meeting. Read more
Narrow ranges prevailed among the main currencies. USD-JPY posted a 102.53-72 range while EUR-USD and Cable flat-lined around 1.3790-95 and 1.6790-95, respectively. AUD-USD managed a modest pop to a 0.9359 peak before settling just below here. Revised leading and coincidence data out of Japan had little impact. Read more
With most of Europe on extended Easter break, and little in the way of U.S. data to move markets, FX trade was very light on Monday in N.Y. The dollar managed modest gains versus the European major currencies, though ranges were very narrow. EUR-USD managed a 1.3787 to 1.3822 band, while USD-JPY was stuck between 102.54 and 102.68. Read more
This week, I want to depart from my standard method of presenting the big country by country economic numbers and instead focus on one of the biggest problems facing the developed world right now: potential deflation. Because while a period of prolonged deflation might seem like a good thing, it's actually a very dangerous economic event as it can create a "deflationary spiral" where the following facts occur: consumers start to delay purchases believing that prices will at least remain stable for an extended period of time. Read more
Monthly data for March reported in the last week was mixed. Housing permits were positive, and starts were positive m/m but negative YoY. Industrial production increased strongly, as did retail sales. NY manufacturing decelerated, but Philly manufacturing accelerated. Read more
Lower than expected jobless claims and a firmer Philly Fed index supported the dollar in light Thursday N.Y. trade. Yields edged up as well, though Wall Street struggled to move higher. After opening near 1.3860, EUR-USD slipped to lows under 1.3820 before steadying. Read more
One of the things I frequently point out in my "Weekly Indicator" columns is that the high frequency weekly data will show a change in the trend well before it shows up in the monthly reports. Since about mid-March I've been noting is that there has been a "spring spring" in the weekly data. Read more
Yesterday, Fed Chair Yellen gave a speech in which she highlights three big questions for the Fed, the second of which is "Is Inflation Moving Back to the Fed's 2% Target?" That got me thinking about inflation in general. Read more
The dollar maintained a generally soft tone following Yellen's dovish speech yesterday. Trade was quiet in Europe with some countries already off for the long Easter weekend. EUR-USD rose to a new high for the week of 1.3864. Cable, already underpinned following yesterday's stellar labour market data, edged out a fresh five-year high of 1.6842. Read more
