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XE Market Analysis: Asia - Aug 16, 2018

By: XE Market Analysis

The dollar index slipped early in N.Y. trade on Thursday, driven down by softer U.S. data, and a rallying Turkish Lira. By mid-morning, however, the Greenback had perked up again, lifting the DXY to 96.76 highs from 96.32 lows. EUR-USD fell from 1.1409 highs to 1.1349. Read more

XE Market Analysis: North America - Aug 16, 2018

By: XE Market Analysis

The Dollar and Yen retreated against most other currencies amid a revival in risk appetite on news that U.S. and China have agreed on a new round of trade talks, while the Turkey Lira gain for a third straight session. The USD index (DXY) pegged a two-day low at 96.41 before recouping to the 96.60 area, while EUR-USD is concurrently printed a two-session high of 1.1397, putting in some space from yesterday's 13-month low at 1.1316. Read more

XE Market Analysis: Europe - Aug 16, 2018

By: XE Market Analysis

Both the Dollar and Yen have weakened today, giving back recent gains amid an improvement in risk appetite. The U.S. and China have agreed on a new round of trade talks, while Turkey has managed to halt the rout of the Lira and secure major investments from Qatar and China's Alibaba. Read more

XE Market Analysis: Asia - Aug 15, 2018

By: XE Market Analysis

The dollar index posted frosh near 14-month highs in N.Y. on Wednesday, topping at 96.98 before pulling back to 96.66 into the close. The Greenback rallied on safe-haven flows after Turkey imposed tariffs on U.S. goods, which saw equities and Treasury yields fall. Read more

XE Market Analysis: North America - Aug 15, 2018

By: XE Market Analysis

The Dollar has posted broad gains amid a backdrop of rekindling risk aversion. Turkey's Erdogan escalated the confrontation with the U.S. by announcing tariffs on U.S. cars, alcohol and cigarettes. Chinese stocks came under pressure again, with the Shanghai Composite closing 2.1% for the worse, and the PBoC set the USD-CNY reference rate at 6.8856, the highest since May 2017, up from yesterday's fixing at 6.8695. Read more

XE Market Analysis: Europe - Aug 15, 2018

By: XE Market Analysis

The Dollar has posted broad gains amid a backdrop of rekindling risk aversion. Turkey's Erdogan escalating the confrontation with the U.S. by announcing tariffs on U.S. cars, alcohol and cigarettes. Chinese stocks came under pressure again, and the PBoC set the USD-CNY reference rate at 6.8856, the highest since May 2017, up from yesterday's fixing at 6.8695. Read more

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

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