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XE Market Analysis: Asia - Dec 06, 2018

By: XE Market Analysis

The Dollar was mostly lower in N.Y. on Thursday, with some soft-ish data weighing some, and profit taking setting in after the DXY made four-session highs on Wednesday. Incoming data included as softer ADP jobs reading, a widened trade deficit, and a higher than forecast initial jobless claims outcome. Read more

XE Market Analysis: North America - Dec 06, 2018

By: XE Market Analysis

A risk-off theme dominated in forex markets as the global stock rout continued across European and Asian bourses, while S&P 500 futures racked up a 1.7% loss, extending the 3%-plus dive seen on Wall Street on Tuesday. The biggest currency losers have been the relatively high beta Dollar bloc and emerging market currencies, while the biggest winner has been the Yen. Read more

XE Market Analysis: Europe - Dec 06, 2018

By: XE Market Analysis

The Dollar majors have mostly remained in relatively narrow ranges, holding with respective ranges from yesterday. A cross theme has been continued Yen firmness amid an ongoing rout in global stock markets, with S&P futures showing a 0.9% loss, adding to the heavy losses seen on Tuesday (Wall Street was closed yesterday), while Asian bourses have been a sea of red, with the arrest of the Huawei CFO threating to escalate tensions between the U.S. Read more

Xe Market Analysis: Dollar settles as fears of Recession Ease

By: xemarketanalysis

OVERVIEW US Dollar steadied after a possible inversion in the Treasury Yield curve The Pound trades well off its lows as Brexit outlook turns more positive Canadian dollar hits an 18-month low as rate hike chances are slashed HIGHLIGHT The Loonie hit an 18-month low today as a rate hike was put on the back burner by the Bank of Canada. Read more

XE Market Analysis: Asia - Dec 05, 2018

By: XE Market Analysis

U.S. equity futures traded Wednesday and managed a modest rebound after Tuesday's drop. This may provide some boost when Wall Street reopens Thursday. Treasury markets were closed as well. The Dollar index was a bit firmer, but FX trade was very thin[EUR, USD]EUR-USD fell to 1.1350 in early N.Y. Read more

XE Market Analysis: North America - Dec 05, 2018

By: XE Market Analysis

The Dollar has traded mixed, falling back against the Euro and Sterling while holding firmer versus the Dollar bloc currencies and the Yen. EUR-USD recouped to levels around 1.1350 after printing a two-day low at 1.1317, which is just over a big figure down on yesterday's peak. Read more

XE Market Analysis: Europe - Dec 05, 2018

By: XE Market Analysis

The Dollar has traded firmer despite fresh declines in U.S. yields yesterday, where the flattening yield curve has added the list of possible precursors of recession. Safe haven demand for the U.S. currency was cited in market narratives yesterday as Wall Street headed to sharp closing losses. Read more

XE Market Analysis: Asia - Dec 04, 2018

By: XE Market Analysis

After falling overnight, the DXY rallied through the N.Y. session on Tuesday, topping at 97.12 from lows of 96.39 into the open. There was no data to drive the market, though uncertainty over trade (Trump tweet: "I am Tariff Man") spooked markets, resulting in safe-haven flows into the Dollar (and Yen). Read more

Xe Market Analysis: US Dollar Catches a Cold and Falls to a 2-week low Against its G-10 Peers

By: xemarketanalysis

OVERVIEW The Dollar Index traded with a negative bias for the second session in a row, down 0.6% amidst concerns over sliding Treasury yields. Sterling is trading stronger as members of Parliament started a debate on a UK-EU withdrawal agreement. NYMEX WTI Crude advanced by 1.80% today ahead of an OPEC meeting. HIGHLIGHT NYMEX WTI continues to advance higher for the second session in a row after touching its lowest level since October 2017. Read more

XE Market Analysis: North America - Dec 04, 2018

By: XE Market Analysis

The main movers today have been the Dollar, which has declined concomitantly with Treasury yields as markets recalibrate the Fed policy outlook, the Yen, which has attracted a safe-haven bid as the U.S.-China "truce" trade faded and global stocks turn lower, and Sterling, which spurted about a big figure higher versus the Dollar on Brexit-related news. Read more

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