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XE Market Analysis: Asia - May 16, 2019

By: XE Market Analysis

Solid incoming U.S. data helped the Dollar firm up in N.Y. on Thursday, taking the DXY to two-week highs of 97.83. Jobless claims, housing starts and the Philly Fed index all beat consensus forecasts. Wall Street rallied, and Treasury yields bounced off trend lows. Read more

XE Market Analysis: Trifecta of Strong Domestic Data Buoys the US Dollar

By: xemarketanalysis

OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation Read more

XE Market Analysis: Trifecta of Strong Domestic Data Buoys the US Dollar

By: xemarketanalysis

OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation Read more

XE Market Analysis: Trifecta of Strong Domestic Data Buoys the US Dollar

By: xemarketanalysis

OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation Read more

XE Market Analysis: Trifecta of Strong Domestic Data Buoys the US Dollar

By: xemarketanalysis

OVERVIEW The DXY Index near a two-week high on the back of optimism within the manufacturing sector GBP drops to three-month low as PM May ignored calls for her resignation Read more

XE Market Analysis: North America - May 16, 2019

By: XE Market Analysis

The Dollar has been trading mixed, losing ground to the Canadian Dollar, which has outperformed amid fresh gains in oil prices on Middle East tensions, while posting fresh trend highs against the Australian Dollar following an unexpected rise in the Australian jobless rate, and the Pound, which continued on a Brexit-related losing streak. Read more

XE Market Analysis: Europe - May 16, 2019

By: XE Market Analysis

Currencies have seen little direction for the most part so far today. AUD-USD was an exception, dipping to a fresh four-month low at 0.6892 following sub-forecast Australian employment data. The pair subsequently recouped above 0.6900. EUR-USD idled near 1.1200, above the one-week low seen yesterday at 1.1178, and USD-JPY plied a narrow range near 109.50, above the three-month low seen on Monday at 109.02. Read more

XE Market Analysis: Asia - May 15, 2019

By: XE Market Analysis

The Dollar was mixed in early N.Y. trade, seeing EUR-USD down at 1.1182 lows from London morning highs of 1.1217. News that the U.S. would delay imposing auto tariffs for 6-months saw that pairing rally back to 1.1224. USD-JPY was heavy, bottoming at 109.15, though later getting a lift from the rebound on Wall Street. Read more

XE Market Analysis: Brexit Inertia Pulls the Pound Lower

By: xemarketanalysis

OVERVIEW The US dollar maintains a firm tone despite retail sales missing market consensus The British Pound suffered a 0.5% drop as PM May insists on bringing the "Old Plan" for a new vote Read more

XE Market Analysis: North America - May 15, 2019

By: XE Market Analysis

The London AM session went from risk-on to risk-off, the later phase of which saw the Yen and other safe havens rise while currencies and assets with high-beta performance characteristics came under pressure. A 16-year low in retail sales in China, alongside a moderation in industrial production data, helped rekindle risk aversion in global markets. Read more

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