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XE Market Analysis: Asia - Aug 14, 2018

By: XE Market Analysis

The Dollar index started Tuesday's N.Y. session on a firmer footing, though later in the morning session took off to fresh trend highs of 96.78. U.S. data featured import and export prices, though there was little FX market impact. EUR-USD opened near 1.1405, and made its way to new lows of 1.1330 late in the session. Read more

XE Market Analysis: North America - Aug 14, 2018

By: XE Market Analysis

The Dollar has weakened as Ankara's successful efforts to halt the rout in the Turkish Lira have helped calm global markets. The Yen also softened as safe-haven premiums were unwound, while most the likes of the Euro and Australian Dollar traded firmer. Read more

XE Market Analysis: Europe - Aug 14, 2018

By: XE Market Analysis

Safe haven positioning were unwound some today, which saw the Dollar and Yen traded softer against most other currencies after Ankara managed to halt the rout of the Lira, which in turn brought a reprieve in still-fragile global markets. Most stock markets found a footing in Asia, and S&P 500 futures are showing a 0.3% gain, reversing most of yesterday's regular-session's losses, though Chinese market were an exception, declining after a batch of economic data showed the economy to have hit a rough patch, while investment growth was shown to have reached a record low. Read more

XE Market Analysis: Euro weakened by strong US Dollar and fears of potential contagion risk

By: xemarketanalysis

OVERVIEW Sterling languishes over continued fears of no-deal Brexit. US Dollar continues its rise against a basket of currencies. The Euro dropped to a 13 month low against the US Dollar. HIGHLIGHT The Euro tested a new 13 month low against the US Dollar before recovering slightly. Read more

XE Market Analysis: North America - Aug 13, 2018

By: XE Market Analysis

The Dollar and Yen rose while the Euro, Australian Dollar and other currencies dropped as risk-off went next level today as the Turkish Lira dove to new record lows, which in turn sparked risk aversion in other emerging market currencies. Ankara implemented raft of measures that successfully stopped the rout in the Lira, which in turn brought some respite to broader markets, though global stock markets remain down. Read more

XE Market Analysis: Europe - Aug 13, 2018

By: XE Market Analysis

The Dollar and Yen rallied amid a coursing risk-off theme in markets, which has hit Asian stock markets, commodity prices, and seen the likes of the Euro and Australian Dollar underperform relative to the other main currencies. The Turkish Lira dove to a new record low 7.24 versus the Dollar before rebounding some after Ankara issue a notice that it will implement a plan this morning to stop the currency's decent, with the central bank of Turkey subsequently issuing a raft of measures. Read more

XE Market Analysis: Asia - Aug 10, 2018

By: XE Market Analysis

The Dollar soared to better than one-year highs in N.Y. on Friday, taking the DXY to levels last seen on July 7 of last year. The Greenback had been on the move higher during the London morning session, as Turkey melted down on economic turmoil there, made worse later by the doubling of U.S. Read more

XE Market Analysis: North America - Aug 10, 2018

By: XE Market Analysis

EUR-USD recovered to the upper 1.1400s after dropping sharply into the London interbank open, leaving a 13-month low at 1.1432. Even at levels around 1.1475-80 the pair was still showing a loss of nearly 0.5% on the day. The move was largely fuelled by a strong rally in the Dollar, which is being widely viewed as a safe haven amid a run-to-the-hills bout of risk aversion in global markets, though the Euro, along with Sterling, came under particular pressures as the Turkish Lira's crashed to new record lows, which in turn came amid reports that the ECB's supervisory arm has raised concerns about the exposure of European banks to Turkish assets. Read more

XE Market Analysis: Europe - Aug 10, 2018

By: XE Market Analysis

The Dollar has rallied strongly into the London interbank open, driving EUR-USD to a 13-month low of 1.1448, Cable to fresh one-year lows under 1.2800 and AUD-USD to three-week lows. The Greenback has also posted gains against most other currencies, most notably the Turkish Lira, which has tumbled to fresh record lows. Read more

XE Market Analysis: Asia - Aug 09, 2018

By: XE Market Analysis

The Dollar index made its way to near highs of the week in N.Y. on Thursday, making its way to 95.48 late in the session from 95.16 early lows, despite cooler PPI data. Jobless claims were about in line with expectations. Wall Street was narrowly mixed, while Treasury yields slipped. Read more

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