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XE Market Analysis: “New Brexit” Deal Tastes like Same Old Wine in a New Bottle, Souring GBP

By: xemarketanalysis

OVERVIEW The Dollar Index under pressure this morning down 0.1%, as trade tensions escalate British pound touches new four-month low as MPs criticise the “new” deal Read more

XE Market Analysis: North America - May 22, 2019

By: XE Market Analysis

The Dollar has lost traction after the Fed's Bullard said that a rate cut may be in order if inflation continues to disappoint. There are also expectations for today's release of FOMC minutes to evidence a shift to an overall more dovish stance, including suggestions to slacken inflation targeting. Read more

XE Market Analysis: Europe - May 22, 2019

By: XE Market Analysis

The main currencies have been trading narrow ranges for the most part so far today. Two exceptions: NZD-USD, which extended recent declines in posting a fresh seven-month low at 0.6493, and the Pound, which printed new four- and three-month lows against the Dollar and Euro, respectively. Read more

XE Market Analysis: Asia - May 21, 2019

By: XE Market Analysis

The Dollar was steady to higher in morning trade in N.Y. on Tuesday, showing little response to softer exiting home sales data. USD-JPY was firm on risk-on conditions, rising to 110.67, up from under 110.10 into the open. EUR-USD was steady between 1.1145 and 1.1160 through much of the morning, but was later dragged to 1.1188 highs on Brexit news, following PM May offering Parliament a vote on a second referendum. Read more

XE Market Analysis: The Australian Dollar is Wobbly after Dovish Comments from RBA

By: xemarketanalysis

OVERVIEW The Dollar Index is near a 12-month high as the market remains cautious The British pound slides below 1.27 handle despite reassurances from PM May that her Brexit Deal contains new “significant aspects” Read more

XE Market Analysis: North America - May 21, 2019

By: XE Market Analysis

The Dollar has posted fresh trend highs against a number of currencies. The narrow trade-weighted USD index logged a four-week high at 98.12 while EUR-USD concurrently printed an an 18-day low at 1.1142, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Read more

XE Market Analysis: Europe - May 21, 2019

By: XE Market Analysis

The Dollar has traded firmer, posting fresh trend highs against a number of currencies. This drove EUR-USD to an 18-day low of 1.1147, making this the seventh out of the last eight trading days that the pair has posted a new lower low. Cable printed a fresh four-month low, at 1.2709, building on the steep declines seen since the early May high at 1.3176. Read more

XE Market Analysis: Asia - May 20, 2019

By: XE Market Analysis

The Dollar was rangebound in N.Y. trade on Monday, leaving the DXY between 97.88 and 97.98 through the session. There was no data to drive the market, though bouts of safe-haven USD buying were noted, as the risk backdrop remained sour following U.S. restrictions on China's Huawei. Read more

XE Market Analysis: North America - May 20, 2019

By: XE Market Analysis

The Dollar has put in a mixed performance so far today, gaining on the Euro while losing ground to the Australian Dollar, which surged nearly 1% following the unexpected election victory of the centre-right Liberal National Coalition at the weekend election in Australia. Read more

XE Market Analysis: Europe - May 20, 2019

By: XE Market Analysis

The Australian Dollar surged nearly 1% following the unexpected election victory of the centre-right Liberal National Coalition at the weekend election in Australia. The development also sharped a 1.7% closing gain in the ASX 200 index, which has strongly outperformed the rest of the Asia-Pacific region today. Read more

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