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XE Market Analysis: Asia - Sep 12, 2019

By: XE Market Analysis

The dollar rallied early in N.Y. on Thursday on the back of a warmer core U.S. CPI outcome, and on an ECB announcement which included a 10 basis point rate cut, and an open-ended reinstatement of QE. This saw EUR-USD fall to within a hair of the two-plus year lows of 1.0926 seen in early September. Read more

XE Market Analysis: The ECB Rolled a Six-Sided Die Hoping for a Seven

By: xemarketanalysis

OVERVIEW Inflation is in the spotlight today in the US and Europe after data releases from the US Fed and ECB Operation Yellowhammer documents paint a bleak picture of no-deal Brexit scenarios WTI crude prices down on overly abundant supply HIGHLIGHT The European Central Bank and US inflation took centre stage in the financial market today. Read more

XE Market Analysis: North America - Sep 12, 2019

By: XE Market Analysis

The Dollar has taken a turn lower, losing ground to commodity currencies amid an enduring risk-on phase in global markets, and with the Euro seeing a pre-ECB upward shift during the London morning session. USD-JPY also corrected after posting a fresh six-week high during the Tokyo session. Read more

XE Market Analysis: Europe - Sep 12, 2019

By: XE Market Analysis

USD-JPY printed a fresh six-week high at 108.16 ahead of the London interbank open, since settling back near the 118.0 mark. The price action is similar to yesterday's, with AUD-JPY and GBP-JPY having concurrently posted new six-week peaks, though EUR-JPY has so far failed to surpass the one-month high the cross saw yesterday. Read more

XE Market Analysis: Asia - Sep 11, 2019

By: XE Market Analysis

The Dollar firmed up some in N.Y. trade on Wednesday, seeing the DXY rally from overnight lows of 98.33, topping at 98.74 at mid-morning. A slightly warmer U.S. PPI core outcome provided some support, though position squaring was behind EUR-USD slippage, ahead of Thursday's ECB meeting. Read more

XE Market Analysis: The Canadian Dollar, The Currency Market’s Only Star Performer

By: xemarketanalysis

OVERVIEW The plot thickens in the British parliament as there is a strong argument that suspension of proceedings is in fact illegal. The Supreme Court will rule next week. Despite significant tensions in many parts of the world, Central Bank meetings are strangely breezy. The Canadian dollar - a star in the currency galaxy. Read more

XE Market Analysis: North America - Sep 11, 2019

By: XE Market Analysis

EUR-USD took a rotation lower, to the 1.1020 area from levels above 1.1050, which was driven by broad, albeit moderate, declines in the common currency. The low for the week, seen on Monday at 1.1015, had been left untroubled as of the early London afternoon session. Read more

XE Market Analysis: Europe - Sep 11, 2019

By: XE Market Analysis

The Dollar has remained mostly in narrow ranges so far today against the other main currencies, with the exception being the Yen, which has continued to see its safe haven premium deflate. USD-JPY printed a fresh six-week peak, at 107.84, in what is now a third consecutive day of ascent, which in turn amid a third consecutive week of gains. Read more

XE Market Analysis: Asia - Sep 10, 2019

By: XE Market Analysis

The Dollar headed slightly lower in quiet N.Y. trade on Tuesday, later recovering to near unchanged on the day. There were few driving factors, with no significant data releases on the calendar. The uptick in the USD later in the session was largely driven by higher Treasury yields, which headed up as the 3-year note auction was poorly subscribed. Read more

XE Market Analysis:British MPs Protest Suspension of Parliament Until October 14th

By: xemarketanalysis

OVERVIEW British MPs loudly voiced their objection to the suspension of parliament until October 14th with chants of "No", songs and signs of protest. US Dollar Index remains flat in these dog days of summer Canadian housing data beat forecasts as the economy shows resilience HIGHLIGHT It appears Prime Minister Johnson will have to go with hat in hand to Brussels and ask for another Brexit extension, despite his extreme reluctance to do so. Read more

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