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XE Market Analysis: Asia - Oct 13, 2017

By: XE Market Analysis

The dollar headed lower after a minor U.S. CPI miss, indicating markets are focused on the Fed, and its concerns over low inflation. EUR-USD spiked up to 1.1874 highs from under 1.1810, as USD-JPY slid to 111.69 from over 112.25. The dollar subsequently mounted a modest pre-weekend rally, though ended the session down across the board. Read more

XE Market Analysis: North America - Oct 13, 2017

By: XE Market Analysis

EUR-USD lifted to the 1.1850 area on a Bloomberg report that the ECB is considering halving asset purchases next year, although with a longer than hitherto expected nine-month extension to the program, which has had an offsetting influence on forex markets. Read more

XE Market Analysis: Europe - Oct 13, 2017

By: XE Market Analysis

The dollar has retained a soft tone, settling in the lower 112s versus the yen, near the week's low at 111.99 (which was seen on Tuesday), edging near nine-day lows versus sterling and logging a new nine-day low in the case against the Australian dollar, and drifting back some against the euro. Read more

XE Market Analysis: Asia - Oct 12, 2017

By: XE Market Analysis

The dollar perked up in morning trade in N.Y. on Thursday, aided by a warmer U.S. PPI outcome. As the session progressed however, the greenback fell back, leaving the DXY at 92.97 lows after opening at 93.05, and peaking at 93.22. EUR-USD based at 1.1829 after the data, before making its way to 1.1850 highs after the London close. Read more

XE Market Analysis: North America - Oct 12, 2017

By: XE Market Analysis

The dollar posted fresh lows versus the euro and a good many other currencies before settling and coming off those lows. The narrow trade-weighted USD index has seen a low of 92.64, which is the lowest level seen since September 26. Markets were continuing to digest the minutes to the September FOMC meeting, which, while overall maintaining expectations for a 25 bp hike in the funds rate, weakened the conviction for this a tad, with some policymakers expressing concern that low inflation was not "transitory." EUR-USD lifted for a fifth consecutive session, logging a 17-day peak of 1.1880, subsequently settling around 118.50. Read more

XE Market Analysis: Europe - Oct 12, 2017

By: XE Market Analysis

The dollar has continued to track lower, this time following the release of the minutes to the September FOMC meeting. While overall maintaining expectations for a 25 bp hike in the funds rate, the minutes weakened the conviction for this a tad, with some policymakers expressing concern that low inflation was not "transitory." The narrow trade-weighted USD index has seen a low of 92.64, which is the lowest level seen since September 26. Read more

XE Market Analysis: Asia - Oct 11, 2017

By: XE Market Analysis

FX trade was relatively quiet through the N.Y. Wednesday morning session, with no data to drive markets, and a lack of interest to push levels ahead of the FOMC minutes release. The dollar was mixed overall however, seeing EUR-USD top at over two-week highs of 1.1858. Read more

XE Market Analysis: North America - Oct 11, 2017

By: XE Market Analysis

The dollar is mostly lower, as U.S. stock futures register caution ahead of the FOMC minutes. EUR-USD fell back from highs in the mid 1.18s but at 1.1817 remains clearly above recent lows, after the Catalonian president appeared to back down from declaring independence from Spain, instead "suspending" the result of the separatist vote to give time for dialogue with Madrid. Read more

XE Market Analysis: Europe - Oct 11, 2017

By: XE Market Analysis

The euro has seen a relief bid after the Catalan leader refrained from calling a unilateral spit from Spain, and chose instead to proceed with dialogue. EUR-USD and EUR-CHF climbed to respective two-week highs of 1.1834 and 1.1534, and EUR-JPY to a 10-day high just shy of 133.00. Read more

XE Market Analysis: Asia - Oct 10, 2017

By: XE Market Analysis

The dollar was mostly lower in N.Y. trade on Tuesday, as risk-off conditions weighed. EUR-USD topped 1.1825 after the Catalonian president appeared to back down from declaring independence from Spain, instead "suspending" the result of the separatist vote to give time for dialogue with Madrid. Read more

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