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XE Market Analysis: Europe - Jul 25, 2019

By: XE Market Analysis

The Dollar majors have settled in narrow ranges into the ECB's policy meeting, with markets giving about 50% odds for the central bank producing a 10 bp rage cut today following yesterday's manufacturing PMI disappointments in the Eurozone. The Euro went into a consolidation after declining sharply yesterday. Read more

XE Market Analysis: Asia - Jul 24, 2019

By: XE Market Analysis

The Dollar was range bound in N.Y. trade on Wednesday, leaving the DXY inside of a 97.56 to 97.68 trading band. Incoming U.S. data saw mixed flash manufacturing and services PMI , and softer new home sales, though neither had much lasting impact on the USD. Read more

XE Market Analysis: North America - Jul 24, 2019

By: XE Market Analysis

The Dollar has traded mixed, but broadly underpinned after rallying for three consecutive days. The Euro took a hit on Eurozone PMI misses, which drove EUR-USD to a seven-week low at 1.1127 and EUR-JPY to a new near-seven-month low at 120.21. EUR-CHF also declined, though the cross has remained above the 24-month low seen yesterday at 1.0971. Read more

XE Market Analysis: Europe - Jul 24, 2019

By: XE Market Analysis

The Dollar has consolidated recent gains for the most part, having been buoyed in recent sessions by a relatively more measured view in markets of Fed easing potential, along with the deal to end the U.S. budget impasse and amid the evident easing bias of other major central banks. Read more

XE Market Analysis: Asia - Jul 23, 2019

By: XE Market Analysis

The Dollar headed higher in N.Y. trade on Tuesday, lifting the DXY to a better than one-month high of 97.71, up from opening lows of 97.47. The USD rallied despite softer incoming U.S. data, with both existing home sales sand the Richmond Fed index missing the mark. Read more

XE Market Analysis: North America - Jul 23, 2019

By: XE Market Analysis

The Dollar has posted fresh highs against the Euro, Yen, Pound, and other currencies, partly amid a more circumspect view in markets of Fed easing potential and partly as other central banks are heading in the direction of the stimulus spigot. The expected announcement later today confirming that Boris "no-deal Brexit" Johnson is the new prime minister of the UK is also keeping the Pound under pressure, especially with BoE MPC member Saunders describing UK growth as "weak and below trend" in an interview with Bloomberg. Read more

XE Market Analysis: Europe - Jul 23, 2019

By: XE Market Analysis

The Dollar has retained support, partly amid markets more circumspect view of Fed easing potential and partly as other central banks, most notably the ECB, are heading in the direction of the stimulus spigot, while the expected announcement later today confirming that Boris "no-deal Brexit" Johnson is the new prime minister of the UK is keeping the Pound under pressure. Read more

XE Market Analysis: Asia - Jul 22, 2019

By: XE Market Analysis

The Dollar was little changed overall in N.Y. trade on Monday, with the major pairings remaining inside of a narrow trading band. The DXY topped at 97.27, up from early lows of 97.18. There was no market moving data. Wall Street was narrowly mixed, while Treasury yields were a touch lower. Read more

XE Market Analysis: North America - Jul 22, 2019

By: XE Market Analysis

The Dollar has remained underpinned amid the scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) rose fractionally, to 97.24, but remained below Friday's peak at 97.29. Read more

XE Market Analysis: Europe - Jul 22, 2019

By: XE Market Analysis

The Dollar has remained underpinned amid a scaling back in Fed easing expectations, which look to have settled on a 25 bp cut at the upcoming FOMC rather than a 50 bp move. The narrow trade-weighted USD index (DXY) has risen fractionally, to 97.24, but has so far remained below Friday's peak at 97.29. Read more

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