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XE Market Analysis: North America - Aug 28, 2013

By: XE Market Analysis

European markets traded quietly as market participants eyed developments surrounding Syria. In Asia, price action was dominated by more emerging market pressure, which weighed on the commodity bloc currencies and boosted JPY. In Europe, profit taking activity went through. Read more

XE Market Analysis: Europe - Aug 28, 2013

By: XE Market Analysis

Risk aversion continued to drive interest in Asia as stocks suffered from rising risk of a military strike against Syria. The dollar was mixed though as the downturn in Treasury yields kept it on the defensive. However, it held firm against AUD and NZD as emerging Asia FX continued to experience heavy outflows. Read more

XE Market Analysis: Asia - Aug 27, 2013

By: XE Market Analysis

The dollar was broadly lower in N.Y. trade on Tuesday, as recently weak U.S. data tamped down Fed taper expectations. In addition, concern over Syria saw U.S. Treasury yields decline, weighing on the dollar. Tuesday's data slate was light, and revealed firmer house prices, and slightly improved consumer confidence readings. Read more

XE Market Analysis: Europe - Aug 27, 2013

By: XE Market Analysis

The USD, JPY and CHF were supported overnight as the situation in Syria weighed on risk appetite. The potential for outside intervention rose after U.S. Secretary of State Kerry said on Monday that the U.S. and its allies believe that chemical weapons were used in an attack last week. Read more

XE Market Analysis: Asia - Aug 26, 2013

By: XE Market Analysis

Aside from a blip lower following very weak durables data, the dollar was fairly steady through the N.Y. session on Monday. With London closed, liquidity and overall interest was light, with most major dollar pairings moving inside less than 50 point trading bands. Read more

XE Market Analysis: North America - Aug 26, 2013

By: XE Market Analysis

With London closed both conditions and trade have been light today. EUR-USD and EUR-JPY ebbed amid general, though mild, euro weakness after ECB's Weidmann warned that the debt crisis is not over yet. Other pairings, including USD-JPY and AUD-USD were near to their respective Friday closing levels as of the early PM session in Europe. Read more

XE Market Analysis: Asia - Aug 23, 2013

By: XE Market Analysis

The dollar started the N.Y. Friday session on a slightly firmer footing, though a very weak new home sales outcome sank the greenback from there. EUR-USD found support into 1.3330, and later managed highs over 1.3405. The pairing was not able to hold the figure into the close however. Read more

XE Market Analysis: North America - Aug 23, 2013

By: XE Market Analysis

The dollar was mixed, but largely stable overall. EUR edged back over 1.3350, which was a symptom of European account demand as bids held at 1.3330. The market did not react to comments overnight from ECB's Nowotny, which suggested that the ECB was likely to remain on hold after recent economic data. Read more

XE Market Analysis: Europe - Aug 23, 2013

By: XE Market Analysis

The dollar was supported as U.S. yields remained stable. USD-JPY has been the main beneficiary as funds added long positions on the belief that central bank policy will fuel further gains. EUR was capped again on upticks as 1.3400 held during the N.Y. Read more

XE Market Analysis: Asia - Aug 22, 2013

By: XE Market Analysis

After trading higher overnight, the dollar was mixed in N.Y. dealings on Thursday, losing ground to the euro and CHF, while steadying versus the yen and sterling, and rallying against the CAD. EUR-USD found support at 1.3300 and eventually bounced over 1.3370, as USD-JPY idled mostly over 98.50. Read more

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