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XE Market Analysis: North America - May 16, 2019

By: XE Market Analysis

The Dollar has been trading mixed, losing ground to the Canadian Dollar, which has outperformed amid fresh gains in oil prices on Middle East tensions, while posting fresh trend highs against the Australian Dollar following an unexpected rise in the Australian jobless rate, and the Pound, which continued on a Brexit-related losing streak. Read more

XE Market Analysis: Europe - May 16, 2019

By: XE Market Analysis

Currencies have seen little direction for the most part so far today. AUD-USD was an exception, dipping to a fresh four-month low at 0.6892 following sub-forecast Australian employment data. The pair subsequently recouped above 0.6900. EUR-USD idled near 1.1200, above the one-week low seen yesterday at 1.1178, and USD-JPY plied a narrow range near 109.50, above the three-month low seen on Monday at 109.02. Read more

XE Market Analysis: Asia - May 15, 2019

By: XE Market Analysis

The Dollar was mixed in early N.Y. trade, seeing EUR-USD down at 1.1182 lows from London morning highs of 1.1217. News that the U.S. would delay imposing auto tariffs for 6-months saw that pairing rally back to 1.1224. USD-JPY was heavy, bottoming at 109.15, though later getting a lift from the rebound on Wall Street. Read more

XE Market Analysis: Brexit Inertia Pulls the Pound Lower

By: xemarketanalysis

OVERVIEW The US dollar maintains a firm tone despite retail sales missing market consensus The British Pound suffered a 0.5% drop as PM May insists on bringing the "Old Plan" for a new vote Read more

XE Market Analysis: North America - May 15, 2019

By: XE Market Analysis

The London AM session went from risk-on to risk-off, the later phase of which saw the Yen and other safe havens rise while currencies and assets with high-beta performance characteristics came under pressure. A 16-year low in retail sales in China, alongside a moderation in industrial production data, helped rekindle risk aversion in global markets. Read more

XE Market Analysis: Europe - May 15, 2019

By: XE Market Analysis

The Dollar majors have mostly been trading steadily, holding within respective Tuesday ranges. One exception was AUD-USD, which edged out a new four-month low at 0.6922, which reflected Aussie Dollar weakness as markets reacted to soft Chinese data today. Read more

XE Market Analysis: Asia - May 14, 2019

By: XE Market Analysis

The Dollar firmed up some in N.Y. on Tuesday, taking the DXY from 97.31 opening lows to 97.54. Wall Street rebounded, though Treasury yields didn't move much higher, capped by cool import and export price data. EUR-USD tested the 1.1200 mark, though was unable to break down. Read more

XE Market Analysis: Eye for an Eye Trade Tariffs Restrict Currency Market Movements

By: xemarketanalysis

OVERVIEW Dollar Index attempts a recovery after US President signals deal still possible The British pound is still suffering from Brexit indecision, despite strong job numbers Read more

XE Market Analysis: North America - May 14, 2019

By: XE Market Analysis

The Dollar has been trading mixed, gaining versus the Yen and Swiss franc, both of which have underperformed as safe haven premiums unwind following some conciliatory-sounding remarks from President Trump yesterday, while losing ground to the Dollar bloc currencies and holding near net unchanged levels versus the Euro. Read more

XE Market Analysis: Europe - May 14, 2019

By: XE Market Analysis

The Yen has softened today amid a modest correction in risk-off positioning in forex markets, which has been concomitant with a 0.4% rebound in S&P 500 futures after the cash version of the index closed on Wall Street with a 2.4% loss. Asian equity markets are mostly showing declines, though most have pared steep losses seen in early trading. Read more

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