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XE Market Analysis: Europe - Sep 04, 2018

By: XE Market Analysis

The Dollar has been on an upward roll with the pace of gains picking up a gear during London AM session. The USD index gained 0.4% to 11-day highs above 95.50, with EUR-USD concurrently tumbled to 11-day lows below 1.1560. Concerns about Brexit (the EU basically rejected the British government's trade proposal) are helped Cable decline, and concerns about the Canada-U.S. Read more

XE Market Analysis: Markets quiet during Labor Day

By: xemarketanalysis

OVERVIEW Markets thin due to Labor Day. UK August Manufacturing PMI hits lowest level in 25 months. UK PM's spokesman says most recent Brexit proposal is the 'only credible plan'. HIGHLIGHT The Argentinian Peso's woes continues, now 35% lower in the last 7 days against the USD. Read more

XE Market Analysis: North America - Sep 03, 2018

By: XE Market Analysis

Mostly narrow ranges have prevailed, which is likely to remain the case in the absence of North American markets. The main exception was Sterling, which dove over 0.5% on the double whammy of an unexpectedly weak August manufacturing PMI report out of the UK and after the EU's chief Brexit negotiator Barnier said that the British government's proposals for a new trade deal is a no-go. Read more

XE Market Analysis: Asia - Aug 31, 2018

By: XE Market Analysis

The Dollar rallied broadly in N.Y. on Friday, after it became clear that the U.S. and Canada would not be making a trade deal. Safe-haven flows buoyed the Greenback. The DXY rallied to near highs of the week, peaking at 95.22. EUR-USD fell to one week low of 1.1585, as USD-JPY rallied to 111.10, despite the risk-off backdrop. Read more

XE Market Analysis: Currencies Sailing between Scylla and Charybdis as August Ends

By: xemarketanalysis

OVERVIEW Trade tensions are turning sentiment in a defensive mode; World equity markets in the red. Markets remain optimistic but cautious on “enhanced” NAFTA 2. Read more

XE Market Analysis: North America - Aug 31, 2018

By: XE Market Analysis

Risk off conditions gripped markets after Trump threatened to take the U.S. out of the WTO while signalling that he's ready to take the Sino-U.S. trade war to the next level, which for the main currencies translated to Yen outperformance and Aussie Dollar-led Dollar bloc underperformance. Read more

XE Market Analysis: Europe - Aug 31, 2018

By: XE Market Analysis

The Yen has posted moderate gains amid a backdrop of souring risk appetite in global markets and associated concerns about emerging markets. President Trump kept sentiment in markets on edge after threatening, during an interview with Bloomberg, to take the U.S. Read more

XE Market Analysis: Asia - Aug 30, 2018

By: XE Market Analysis

The Dollar index peaked at 94.90 early in the N.Y. session on Thursday, up from overnight lows of 94.47. In-line jobless claims and earnings figures combined with slightly firmer consumption data to support the Greenback. Sticks and yields headed lower on ongoing NAFTA uncertainty. Read more

XE Market Analysis: The Pound gains on Brexit hopes, still cautious as risks of no-deal cap gains

By: xemarketanalysis

OVERVIEW Sterling gains against the euro and US Dollar, hitting 1.30 for the first time since August 6th. US Dollar drops in the risk-on environment The Euro remained steady against the US Dollar HIGHLIGHT The Pound gained against the Euro and US Dollar, although the rise has been tempered by ongoing fears of a no-deal Brexit. Read more

XE Market Analysis: North America - Aug 30, 2018

By: XE Market Analysis

The Dollar has traded mostly firmer, with EUR-USD settling near 1.1700, below yesterday's four-week high at 1.1733, and USD-JPY pushing toward 111.50, below the four-week high at 111.83 that was printed yesterday, while AUD-USD and NZD-USD were underperformers following a disappointing set of antipodean data. Read more

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