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XE Market Analysis:Dollar Rallies on Rate Hike Expectations

By: xemarketanalysis

OVERVIEW US consumer spending rose 0.2% in January, less than expected. Inflation jumped 0.4%, reducing consumer buying power. Growth in US manufacturing accelerated at the fastest pace in over two years last month while new orders also jumped. Read more

XE Market Analysis: North America - Mar 01, 2017

By: XE Market Analysis

The dollar rallied as odds for Fed tightening rose after NY Fed Dudley said late yesterday that the case for monetary policy tightening "has become a lot more compelling." While Dudley's remarks are consistent with other Fed speakers, his carry added of weight for markets as he is at the dovish end of the spectrum of FOMC member governors. Read more

XE Market Analysis: Europe - Mar 01, 2017

By: XE Market Analysis

The dollar has rallied since late-session yesterday and into the Asian session today. The principal catalyst were remarks by NY Fed's Dudley, who said in an interview with CNN that the case for further monetary tightening "has become a lot more compelling," citing a "very large" rise in household and business confidence and "very buoyant" financial markets, along with prospects for looser fiscal policy. Read more

XE Market Analysis: Asia - Feb 28, 2017

By: XE Market Analysis

FX trade was fairly light in N.Y. on Tuesday, as traders hunkered down ahead of the evening SOTU address from president Trump. The dollar was mostly softer through the morning session, likely as prospects for any policy details coming out of the speech were discounted. Read more

XE Market Analysis: Markets Await Trump Speech

By: xemarketanalysis

OVERVIEW The Pound remains on the backfoot as Brexit realities and the possibility of another Scottish referendum raise concerns. UK consumer confidence edged 1 point lower in February. Rising inflation has made households more cautious. Japan's industrial output unexpectedly fell 0.8% last month, the first decline in six months, caused in part by a slowdown in car shipments to the US. HIGHLIGHT President Trump’s speech to the joint session of Congress will hopefully offer insight on the Health Care reform plan and strategies for payment on the infrastructure and military projects he has promised. Read more

XE Market Analysis: North America - Feb 28, 2017

By: XE Market Analysis

The dollar has been trading mixed so far today, net steady versus the euro, sterling and dollar bloc currencies, but down versus the yen, which outperformed as markets hunkered down ahead of Trump's State of the Union address today. Markets are wanting detail on tax, spending and regulation plans, and of particular interest to forex market participants, any indications about what, if anything, the Trump administration might do about its concerns of currencies it deems as being too low. Read more

XE Market Analysis: Europe - Feb 28, 2017

By: XE Market Analysis

The dollar has been trading mixed so far today, net steady versus the euro and dollar bloc currencies, down modestly against the yen and up moderately versus the still-underperforming pound. Markets are hunkered down ahead of Trump's State of the Union address today, with investors looking risk appetite was mixed in Asia, with markets waiting for detail on tax, spending and regulation plans. Read more

So Far, Trump's Proposed Budget Is a Zero Sum Game

By: HaleStewart

The following three charts are based on date from the Congressional Budget Office. All three show various metrics of U.S. defense spending. The top chart shows the absolute dollar amount of spending. There were two periods of sharp increases: the 1980s Reagan build-up, when defense spending rose approximately 200%, from $100 billion to $300 billion. Read more

XE Market Analysis: Asia - Feb 27, 2017

By: XE Market Analysis

FX trade was relatively calm in N.Y. on Monday, with the dollar mixed, and inside of relatively narrow bands overall. EUR-USD posted six-session highs of 1.0644 before fading back under the figure, while USD-JPY briefly dipped under 1.1200 before rallying to near 112.60 on firmer yields and prospects for U.S. Read more

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