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XE Market Analysis: Sterling hits 10 day low as Words from PM May Disappoint

By: xemarketanalysis

OVERVIEW The Pound weakened to a 10-day low against the Dollar following PM May's speech at the potentially pivotal EU Summit in Brussels. Higher Treasury yields boosted the Dollar following positive news from the US Federal Reserve Meeting Minutes The Canadian Dollar fell to a one-week low point due to a sharp drop in oil prices HIGHLIGHT The Pound is much weaker today against the US Dollar as PM May stated that the EU's proposal for the Irish Border was unacceptable, and considered extending the Brexit transition period by another year. US DOLLAR The US Dollar strengthened today as a result of the Federal Reserve's meeting minutes stating that interest rates could be raised more aggressively in the near term. Read more

XE Market Analysis: North America - Oct 18, 2018

By: XE Market Analysis

The Dollar has traded softer during the European AM session interbank open after firming during the Asian session. EUR-USD flipped back above 1.1500 after posting an eight-day low at 1.1481, which was the culmination of a Dollar ascent following the Fed minutes to the late-September FOMC meeting, which revealed policymakers remaining committed to gradual tightening. Read more

XE Market Analysis: Europe - Oct 18, 2018

By: XE Market Analysis

The Dollar has traded mostly firmer in the wake of the release of the Fed minutes to the late-September FOMC meeting, which revealed policymakers remaining committed to gradual tightening. The USD index (DXY) has printed an eight-day high at 95.75, and is now up by just over 1% from the three-week low that was seen on Tuesday. Read more

XE Currency Analysis: EU Summit in Brussels in the Spotlight

By: xemarketanalysis

OVERVIEW Potentially historic EU Summit kicks off in Brussels Strong round of earnings reports from Wall Street gives strength to USD Loonie lifted by rally in crude WTI prices HIGHLIGHT A potentially historic EU Summit in Brusssels kicked off today. Read more

XE Market Analysis: Asia - Oct 17, 2018

By: XE Market Analysis

The Dollar index rallied from pre-open lows of 95.10 to a one-week high of 95.54 in N.Y. trade on Wednesday. EUR-USD fell from 1.1547 to 1.1508 through the session. USD-JPY peaked at 112.47, coming from 112.02 lows. USD-CAD rallied over 1.3015 as oil prices tumbled. Read more

XE Market Analysis: North America - Oct 17, 2018

By: XE Market Analysis

The Dollar had traded moderately firmer into the New York interbank open, which came as European equity markets turned negative after failing to sustain a positive open, and with U.S. equity futures flagging as the good-feel of yesterday's bullish Wall Street session abated. Read more

XE Market Analysis: Europe - Oct 17, 2018

By: XE Market Analysis

The Dollar majors continue to lack direction, although stock markets picked up following positive corporate earnings reports out of the U.S. EUR-USD has ebbed back to the mid 1.1500s after yesterday failing to sustain gains above 1.1600. USD-JPY posted a three-session high at 112.42 before settling around 112.20-25. Read more

XE Market Analysis:The Euro Defies Beijing, Brexit and Berlin as it Clings to Key 1.16 Level

By: xemarketanalysis

OVERVIEW The US Dollar is unsettled with the DXY Index down 0.13% due to geopolitical risks The Euro remains calm despite the ZEW Indicator at a 6-year low NYMEX WTI Crude is holding steady at $71.50 a barrel HIGHLIGHT The EUR/GBP pair is expected to attract more volatility as the key EU Economic Summit in Brussels draws nearer. Read more

XE Market Analysis: North America - Oct 16, 2018

By: XE Market Analysis

The Dollar has traded mixed so far today, reaching the early European PM near net unchanged versus the Euro, lower against the Pound, which lifted on perky UK wage data, and higher versus the Yen, which underperformed amid a backdrop of recovering stock markets. Read more

XE Market Analysis: Europe - Oct 16, 2018

By: XE Market Analysis

Most Dollar pairings have been steady, holding within respective Monday ranges. Once expectation was NZD-USD, which has rallied to a two-week high of 0.6596 following New Zealand Q3 CPI data, which rose to 0.9% q/q, above the median forecast for 0.7% q/q. Read more

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