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XE Market Analysis: Europe - Aug 30, 2018

By: XE Market Analysis

The Dollar and Yen have traded firmer against most other currencies as the risk-on sentiment that powered the S&P 500 and Nasdaq to new record highs waned in Asia. The USD index (DXY) is showing a modest rebound from lows, while EUR-USD has concurrently tipped back under 1.1700. Read more

XE Market Analysis: Asia - Aug 29, 2018

By: XE Market Analysis

The Dollar index eased in early N.Y. trade on Wednesday, bottoming at 94.59 after opening near 94.90, then largely turning sideways. Yields moved a bit higher after an upwardly revised Q2 U.S. GDP report, while stocks put in an other record top. EUR-USD peaked at 1.1708, under Wednesday's peak, while USD-JPY ran up to 111.83 highs on improved risk levels. Read more

XE Market Analysis: North America - Aug 29, 2018

By: XE Market Analysis

USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions on diary to secure a trade deal with NAFTA. This is potentially good news as it raises the chances for Congress to approve the White House agreement with Mexico in context of a revamped NAFTA deal. Read more

XE Market Analysis: Europe - Aug 29, 2018

By: XE Market Analysis

The Dollar has traded firmer, overall, although has continued to hold steady in a narrow range against the Yen. USD-CAD dropped to its lowest level since June 6 in making a low at 1.2887, driven by a Mail and Globe report, which broke during the Tokyo morning, that Canada is ready to make significant concessions on diary to secure a trade deal with NAFTA. Read more

XE Market Analysis: Asia - Aug 28, 2018

By: XE Market Analysis

The Dollar index traded to August lows of 94.45 early in the N.Y. session, though managed modest gains following the strong U.S. consumer confidence report, which came in at a 17-year high, later topping over 94.65. EUR-USD ranged between 1.1734 and 1.1695, as USD-JPY bottomed at 110.96, later recovering over 111.20. Read more

XE Market Analysis: No Writing on the Wall for New MEX-US FTA

By: xemarketanalysis

OVERVIEW MXN strengthens while the Loonie soars higher following an agreement in principle between the US and Mexico The US Dollar slides again on the month-end flow Read more

XE Market Analysis: North America - Aug 28, 2018

By: XE Market Analysis

The Dollar has continued to trade with a softening bias. The USD index (DXY) posted a four-week low at 94.61 while EUR-USD concurrently lifted to four-week highs just above 1.1700. The U.S. currency also posted losses against a slew of other currencies, including making a six-week low versus Sterling. Read more

XE Market Analysis: Europe - Aug 28, 2018

By: XE Market Analysis

Both the Dollar and Yen had recouped from losses that were seen during the Tokyo AM session although the magnitude of movement has been relatively limited overall. The USD index (DXY) edged out a four-week low at 94.68 before recovering above 94.85, while EUR-USD printed a four-week high at 1.1697 before correcting to the 1.1665-70 area. Read more

XE Market Analysis: Asia - Aug 27, 2018

By: XE Market Analysis

The Dollar index sold off to three-week lows of 94.69 in N.Y. trade on Monday, with the sell-off coming on the announcement of a new trade deal between the U.S. and Mexico. The USD was pressured by the reversal of safe-haven flows which were seen during the ramping up of trade tensions between the U.S. Read more

XE Market Analysis: US and Mexico Have a New Trade Deal, Eh?

By: xemarketanalysis

OVERVIEW Dollar Index is in negative territory as we open the final week of August. White House announces the end of NAFTA after a new deal with Mexico. Commodities still hot; Gold moves up to $1,210 and WTI consolidating near $69 a barrel. HIGHLIGHT The Mexican Peso is a star EM performer after US President announced that the two countries have reached a new trade agreement. Read more

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