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XE Market Analysis: North America - Dec 19, 2018

By: XE Market Analysis

The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday's peak by 13 pips. Read more

XE Market Analysis: Europe - Dec 19, 2018

By: XE Market Analysis

The Dollar has traded softer so far today as markets anticipate a "dovish hike" from the Fed today, being a 25 bp tightening complemented by a signal that policy is going neutral. There has been some speculation that the Fed might even refrain from hiking, though we are doubtful this will happen. Read more

XE Market Analysis: Asia - Dec 18, 2018

By: XE Market Analysis

The Dollar recovered some in N.Y. trade on Tuesday, taking the DXY to 97.16 from seven-session lows of 96.72 seen into the open. USD short covering ahead of the FOMC announcement on Wednesday was a driver, though the market appears to be ready for a dovish statement from the Fed after it likely raises rates by 25 basis points. Read more

Xe Market Analysis: The Currency Market Holds its Breath Ahead of a Key FOMC Meeting

By: xemarketanalysis

OVERVIEW The US Dollar index waits for the US Fed decision on interest rates, with the Greenback down 0.2% vis-à-vis G-10 currencies The GBP is ignoring Brexit chaos and is focused on the upcoming Bank of England interest rate decision The price of a barrel of NYMEX WTI Crude crashes to $48.90, its lowest level since October 2017, down 19.23% year to date. HIGHLIGHT Investors are nervously waiting for the FOMC members decision due tomorrow. Read more

XE Market Analysis: North America - Dec 18, 2018

By: XE Market Analysis

The Dollar came under broad pressure during the London AM session. Market narratives are talking about position trimming into the Fed's expected rate hike, which is also widely expected to be accompanied with dovish-leaning guidance. This view appears to have helped stock markets find some stability following the hefty losses Wall Street saw yesterday. Read more

XE Market Analysis: Europe - Dec 18, 2018

By: XE Market Analysis

The Yen has been buoyed amid a risk aversion theme in global markets after Wall Street closed with 2%-plus declines yesterday and with Asian equity markets also taking a tumble today. USD-JPY posted an eight-day low of 112.47. Yen crosses also saw a similar price action, with the high beta AUD-JPY cross coming within 10 pips of seven-week lows. Read more

XE Market Analysis: Asia - Dec 17, 2018

By: XE Market Analysis

The Dollar headed lower overnight, taking the DXY 97.06 lows from overnight highs of 97.46, and from 18-month highs of 97.71 seen on Friday. Incoming U.S. data included a sharp drop in the Empire State index, and a softer NAHB housing index, which put some downward pressure on the Greenback. Read more

Xe Market Analysis: Pound Struggles as UK Gov Rules Out Second Brexit Referendum

By: xemarketanalysis

OVERVIEW The Pound remains weak as the can is kicked down the road once again on "meaningful vote." US Dollar yields ground ahead of FED Interest rate Announcement. The Loonie dips on concerns over global growth. The Croatian Central Bank intervenes to stop the Kuna appreciating. HIGHLIGHT The Pound remained on the backfoot today as Theresa May addressed the House of Commons and confirmed that negotiations around the "backstop" agreement were ongoing and that a "meaningful vote" would be held in the house of commons in the week commencing the 14th of January, 2019. Read more

XE Market Analysis: North America - Dec 17, 2018

By: XE Market Analysis

The Dollar has come under moderate pressure, with the currency retracing some of the gains posted on Friday. EUR-USD nudged moderately higher to around the 1.1340 mark, putting a little space in from the intraday low seen in Asia at 1.1299. The move reflected part Euro firmness, despite data showing a narrowing in the Eurozone trade surplus and a downward revision in Eurozone December HICP, and part Dollar softness. Read more

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