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XE Market Analysis: Asia - Dec 12, 2017

By: XE Market Analysis

The dollar rallied in N.Y. trade on Tuesday, as warmer U.S. PPI, and softer European data supported. In addition, the greenback was bid up into Wednesday's FOMC meeting, where a 25 basis point rate hike is widely expected. Given a hike has been priced in, risk for the dollar appears to be a sell-the-fact sell-off. Read more

XE Market Analysis: Dollar on the Rise as the Fed Meeting Begins

By: xemarketanalysis

OVERVIEW GBP rises after CPI hits a 6-year high. German ZEW survey hits fresh multi-year high US producer prices rise at a faster pace in November. US stock markets hit fresh record highs. HIGHLIGHT The US Dollar is broadly higher as the Federal Reserve commence their two-day meeting to decide whether to raise interest rates for a third time this year. Read more

XE Market Analysis: North America - Dec 12, 2017

By: XE Market Analysis

The dollar has traded softer for the most part, mostly against the commodity currencies, losing over 0.5% in the cases against the Australian and New Zealand dollars, and 0.3% to the Canadian dollar. The dynamic has been concomitant with a 0.7% gain in oil prices, with the gains on the week of crude now tallying over 2%. Read more

XE Market Analysis: Europe - Dec 12, 2017

By: XE Market Analysis

USD-JPY eked out a new four-week high of 113.69, and the New Zealand dollar rallied strongly following an announcement that a new RBNZ governor had been appointed, which was greeted as a something of a relief by Kiwi markets (the currency having been under pressure amid a cloud of policy uncertainty following elections in September). Read more

XE Market Analysis: Asia - Dec 11, 2017

By: XE Market Analysis

FX trade was relatively light in N.Y. to start the week, with little in the way of data to drive prices, and as traders remained largely sidelined into Wednesday's FOMC announcement. The dollar dipped in early trade, before managing a modest comeback after the London close. Read more

XE Market Analysis: GBP Remains Volatile as Brexit Negotiations Rumble On

By: xemarketanalysis

OVERVIEW The Pound claws back some of last week’s losses on Brexit negotiations. The US Dollar slumps ahead of the Fed interest rate decision. Angela Merkel assures markets that coalition talks will be done quickly. HIGHLIGHT Last week, the UK and the EU reached an agreement early on Friday on Brexit divorce terms after working through the night to end an impasse over the status of the Irish border that had prevented an earlier attempt to clinch a deal on Monday. US DOLLAR The Dollar is marginally weaker today as investors and traders alike position themselves before the interest rate announcement from the Federal Reserve. Read more

XE Market Analysis: Europe - Dec 11, 2017

By: XE Market Analysis

USD-JPY eked out a new four-week high of 113.69, and the New Zealand dollar rallied strongly following an announcement that a new RBNZ governor had been appointed, which was greeted as a something of a relief by Kiwi markets (the currency having been under pressure amid a cloud of policy uncertainty following elections in September). Read more

International Economic Week in Review: Good News From Canada, Australia and the EU

By: HaleStewart

            The Bank of Canada maintained their 1% interest rate policy this week.  Their policy announcement contained the following overview of the Canadian economy: Read more

US Economic Week in Review: The Manufacturing and Service Sectors Are Growing Solidly

By: HaleStewart

The US manufacturing sector is very good shape. The latest ISM reading was 58.2 – a modest decrease from the previous month, but still a very strong level. Last month’s reading was one of the strongest since the recession and continues this series’ recent uptrend: The internals were very strong: new orders rose .6 to 64 while production was up 2.9 to 63.9. Read more

US Bond Market Week in Review: Thanks to the Employment Report, Expect Another Rate Hike

By: HaleStewart

The employment report gave the Fed ample reason to raise rates at their next meeting. The headline number of 228,000 combined with a 4.1% unemployment rate are themselves ample reasons. But the internals are also strong enough for the Fed to hike. The 3, 6, and 12-month moving averages of total employment growth all above 170,000 and appear to have stabilized this year. Read more

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