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XE Market Analysis: US Dollar Falls as Retail Sales Disappoint

By: xemarketanalysis

OVERVIEW The US Dollar dipped today as retail sales numbers fell short of expectations The Pound steadied in today's trading, ahead of a potentially monumental EU Brexit Summit on Wednesday and Thursday The Canadian Dollar strengthens as oil prices rise as tensions between the West and Saudi Arabia grow HIGHLIGHT The Canadian dollar gained strength today as the US Dollar weakened today, causing the pair to fall by as much as 0.5% at one point. Read more

XE Market Analysis: North America - Oct 15, 2018

By: XE Market Analysis

The Dollar has traded softer, for the most part, losing ground to the Euro, Swiss franc, Sterling and Japanese Yen, among other currencies. EUR-USD posted an intraday high at 1.1593, which reverses most of the decline seen on Friday. The move happened concurrently with a rebound in European stock markets, which were on net showing modest gains on the day as of the early European PM session. Read more

XE Market Analysis: Europe - Oct 15, 2018

By: XE Market Analysis

The Yen has traded moderately firmer while the Pound has come under moderate pressure, the former underpinned by a resumption of risk aversion in Asian equity markets and the latter affected by news that the respective lead negotiators from the UK and EU, Raab and Barnier, faltered over the Irish border backstop issue. Read more

XE Market Analysis: Asia - Oct 12, 2018

By: XE Market Analysis

The Dollar index recovered modestly in N.Y. trade on Friday, rallying to 95.37 highs, and up from overnight lows of 94.96. The recovery in global equity markets on Friday supported the Dollar, though it remains to be seen whether or not the gains were just a pre-weekend relief rally. Read more

XE Market Analysis: Currency Market Is Timidly Recovering After Going Loco

By: xemarketanalysis

OVERVIEW The US Dollar is limping into the weekend with the DXY Index up 0.25% The Euro continues to slide lower on profit taking against the GBP and the USD NYMEX WTI Crude is up 1.25% to trade near $71.85 a barrel HIGHLIGHT The Pakistani Rupee is making headlines after plunging nearly 7% against the Greenback today. Read more

XE Market Analysis: North America - Oct 12, 2018

By: XE Market Analysis

EUR-USD edged out a new intraday low of 1.1575, correcting after earlier printing a 12-day high at 1.1610. USD-JPY settled in the lower 111.0s after posting a 25-day low at 111.83 during the late New York PM session yesterday. The low was seen following by broad Dollar declines in the wake of the softer than expected U.S. Read more

XE Market Analysis: Europe - Oct 12, 2018

By: XE Market Analysis

The Dollar has been trading modestly firmer against is major peers into the open of the London interbank market, reversing earlier weakness that was seen after yesterday's sub-forecast U.S. CPI data. EUR-USD has dipped back under 1.1600, after earlier printing a 12-day high at 1.1610, while USD-JPY has lifted to the 112.30-40 area after posting a 25-day low at 111.83 during the late New York PM session yesterday. Read more

XE Market Analysis: Asia - Oct 11, 2018

By: XE Market Analysis

The Dollar index printed two-week lows of 94.99 following the cooler U.S. CPI outcome. The Greenback later recovered some as the risk backdrop settled somewhat relative to Wednesday's equity meltdown. EUR-USD peaked at 1.1599 before pulling back to 1.1546 lows, while USD-JPY rallied over 112.50 from 112.09 lows. Read more

XE Market Analysis: North America - Oct 11, 2018

By: XE Market Analysis

The Dollar has traded with a softening bias so far today amid a backdrop of fairly acute equity market losses (S&P 500 futures down near 1%, China's SSE closing with a 5.2% loss and Europe's Stoxx 600 losing nearly 2%). EUR-USD settled around 1.1550 after earlier climbing to a nine-day high of 1.1572. Read more

XE Market Analysis: Europe - Oct 11, 2018

By: XE Market Analysis

The Dollar has traded weaker during the Asian session, into the European opening. The has seen EUR-USD climb to the mid 1.1500s and USD-JPY post a three-week low at 111.97. EUR-JPY and AUD-JPY have both seen one-month lows, amid Yen safe-haven outperformance as global stock markets are routed. Read more

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