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XE Market Analysis: Asia - Jul 17, 2019

By: XE Market Analysis

The Dollar turned modestly lower through the N.Y. morning session, pulling back from one-week highs seen on Tuesday. The DXY bottomed at 97.17, after opening at session highs of 97.37. Softer U.S. housing starts data weighed some on the Greenback, as did a pullback in Treasury yields. Read more

XE Market Analysis: North America - Jul 17, 2019

By: XE Market Analysis

EUR-USD edged out a fresh eight-day low at 1.1199 in early London trading before settling back in the lower 1.1200s, with an upward revision in Eurozone June HICP data giving the euro some buoyancy. The low had been the product of dollar, which was given a boost yesterday following above-forecast industrial production and retail sales data out of the U.S. Read more

XE Market Analysis: Europe - Jul 17, 2019

By: XE Market Analysis

The Dollar has settled to a consolidation at modestly lower levels after rallying yesterday. The narrow trade-weighted USD index (DXY) has steadied around 97.35, down from the one-week high seen yesterday at 97.55, though remaining higher by a net 0.6% on the week so far. Read more

XE Market Analysis: Asia - Jul 16, 2019

By: XE Market Analysis

Better than expected U.S. retail sales helped Dollar sentiment in N.Y. on Tuesday, with the DXY printing one-week highs of 97.36. Better earnings from the likes of Goldman Sachs, JP Morgan, and Wells Fargo did little to lift Wall Street, as major indices remained on either side of flat for much of the session. Read more

XE Market Analysis: North America - Jul 16, 2019

By: XE Market Analysis

The Dollar has remained buoyant, posting fresh highs versus the Euro, Sterling and some other currencies. This comes amid some position readjusting with markets bracing for an incoming tide of Q2 corporate earnings results and a hefty slate of U.S. data releases this week, which will collectively paint an updated picture of the impact that trade protectionism has been having. Read more

XE Market Analysis: Europe - Jul 16, 2019

By: XE Market Analysis

The main Dollar pairings have been trading in narrow ranges, of less than 15 pips for the most part, and less than 25 pips in the case of USD-JPY. AUD-USD drifted modestly lower following the release of the RBA minutes from the early July policy meeting, which affirmed the Board's dovish bias. Read more

XE Market Analysis: Asia - Jul 15, 2019

By: XE Market Analysis

The Dollar moved modestly higher in N.Y. trade on Monday, taking the DXY to highs of 96.97 from 96.75 lows seen into the open. The index remains well under last week's July high of 97.59. A better than expected Empire State index helped USD sentiment to a degree, prompting some short covering from Friday's one-week low. Read more

XE Market Analysis: North America - Jul 15, 2019

By: XE Market Analysis

The Dollar has been consolidating declines seen during the latter half of last week. EUR-USD has been holding a narrow range near the 1.1275 mark, holding comfortably above last Tuesday's four-week low at 1.1193. USD-JPY has been trading on either side of 108.00 in quiet conditions with Japanese markets were closed for a public holiday today. Read more

XE Market Analysis: Europe - Jul 15, 2019

By: XE Market Analysis

The Australian Dollar ticked higher following a net encouraging catch of data out of China today. This drove AUD-USD to a 12-day high at 0.7035. The NZD also lifted, with both currencies having China proxy status. The data showed Q2 GDP slowing to a 27-year low of 6.2%, as expected, while industrial output and retail sales numbers beat forecasts, suggesting that the Chinese economy is stabilizing. Read more

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