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XE Market Analysis: North America - Mar 20, 2019

By: XE Market Analysis

The Dollar has traded steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69 in Tokyo before settling slightly lower. AUD-USD saw some volatility, dipping in Sydney trading concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil, with iron ore being the biggest Australian export) before recovering losses during the London AM session. Read more

XE Market Analysis: Europe - Mar 20, 2019

By: XE Market Analysis

The Dollar has been trading steady-to-firmer so far today. EUR-USD has been holding below the two-week high seen yesterday at 1.1361, and USD-JPY lifted to a two-day high at 111.69. AUD-USD took a spill, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil); iron ore being the biggest Australian export. Read more

XE Market Analysis: Asia - Mar 19, 2019

By: XE Market Analysis

The Dollar was range bound in N.Y. trade on Tuesday, as market participants largely sat on the sidelines ahead of Wednesday' FOMC announcement. The USD had been under some pressure over the past few sessions, as traders priced in a dovish leaning announcement from the Fed. Read more

XE Market Analysis: The Pound Savors Strong Employment Data and Takes a Break from Brexit Drama

By: xemarketanalysis

OVERVIEW The greenback is trading relatively lower against the G-10 currencies ahead of Fed announcement GBP/USD is trading higher after reports show the UK's unemployment rate down to a four-decade low Read more

XE Market Analysis: Europe - Mar 19, 2019

By: XE Market Analysis

The Dollar has settled to a consolidation of recent declines into the FOMC. EUR-USD has settled below the two-week high seen yesterday at 1.1358. The high was a product of the Dollar's underlying softening bias amid expectations for the Fed to trim inflation forecasts and lower dot plots, and following last week's surprising benign inflation data out of the U.S. Read more

XE Market Analysis: Asia - Mar 18, 2019

By: XE Market Analysis

The dollar had been on the decline into the N.Y. open on Monday, though later perked up some on renewed trade tensions, when it was announced that the proposed meeting between Trump and Xi could be pushed back to June. The DXY rallied from 96.38 lows into the open, later peaking at 96.63. Read more

XE Market Analysis: The Currency Market Makes a Cautious Start Ahead of US Fed Meeting and Another Brexit Vote

By: xemarketanalysis

OVERVIEW The greenback is trading lower against most major currencies, and the DXY Index is down by 0.1% GBP/USD is in negative territory as MPs prepare a new vote before seeking extensions of Article 50. NYMEX WTI firms 20 cents to trade $58.60 a barrel, remaining near four-month high. HIGHLIGHT The USD-CAD pair is trading in a tight range with the market waiting for the FOMC meeting (Wednesday). Read more

XE Market Analysis: North America - Mar 18, 2019

By: XE Market Analysis

The Dollar has traded mostly weaker, outside the case against the Pound, as the UK currency underperformed ahead of what is the most crucial week so far in the Brexit process. Cable ebbed under 1.3250, receding by about 50 pips from Friday's closing levels, though remained up by 0.8% from week-ago levels. Read more

XE Market Analysis: Europe - Mar 18, 2019

By: XE Market Analysis

The Dollar has traded moderately softer as London interbank participants take to their desks. The narrow trade-weighted USD index has dipped to a three-session low of 96.44, nearing last week's two-week low at 96.39. EUR-USD has concurrently been trading buoyantly, although has so far remained checked by last week's two-week peak at 1.1344. Read more

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