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XE Market Analysis: North America - Dec 24, 2018

By: XE Market Analysis

The Dollar has trade modestly softer in low-volume and low-commitment trading, with many centres closed and those that have been open operating at skeletal staffing levels. EUR-USD has settled near 1.1400, up from the four-session low seen on Friday at 1.1356 while remaining comfortably below the six-week high seen earlier last week at 1.1485. Read more

XE Market Analysis: Europe - Dec 24, 2018

By: XE Market Analysis

Narrow ranges have prevailed in low-volume markets. The Dollar consolidated at moderately softer levels after rallying on Friday, with all the main pairings holding comfortably within their respective Friday ranges. EUR-USD has settled in the upper 1.1300s, up from the four-session low seen on Friday at 1.1356, and USD-JPY has settled near the 111.0 mark. Read more

XE Market Analysis: Asia - Dec 21, 2018

By: XE Market Analysis

The Dollar rallied in N.Y. on Friday. taking the DXY to 97.00, from 96.26 lows. USD short covering was a major driver, as many will be off work for much of next week, leaving liquidity at a premium. Today's U.S. data was mixed, seeing Q3 GDP revised down a tenth to 3.4%, and Michigan sentiment heading higher. Read more

XE Market Analysis: US Dollar Remains Under Pressure Over the Threat of a Government Shutdown

By: xemarketanalysis

OVERVIEW The Greenback is trying to recover from its lowest levels in four weeks, up 0.28% Safe-haven Yen strengthen to 15-week high amidst risk of global economic slowdown A barrel of NYMEX WTI Crude dropped to $45.50, losing a quarter of its value year-to-date. HIGHLIGHT Investors are unwitting participants on an episode of Fear Factor, Global Currencies. Read more

XE Market Analysis: North America - Dec 21, 2018

By: XE Market Analysis

The Dollar has traded moderately firmer, recouping some of the lost ground seen during the midweek, while a concurrent theme has been a broader correction in the Euro, which corrected after outperforming yesterday. EUR-USD ebbed to the lower 1.1400s, putting in a little distance from the six-week high printed yesterday at 1.1485. Read more

XE Market Analysis: Europe - Dec 21, 2018

By: XE Market Analysis

The Dollar majors have posted narrow ranges so far today, amid thin year-end volumes. Risk aversion has remained the dominant theme in equity markets in Asia following another negative closing on Wall Street on the familiar mix of the U.S. v China standoff and concerns about slowing global growth, although some Asian bourses, including Hong Kong and South Korea, have managed to stabilise, as have S&P 500 futures. Read more

XE Market Analysis: Asia - Dec 20, 2018

By: XE Market Analysis

The Dollar rallied some in early N.Y. trade on Thursday, largely as short covering stepped in following the DXY's move to one-month lows in Europe. U.S. government shutdown jitters, and another Wall Street swell-off later saw the Greenback retrace lower. Read more

XE Market Analysis: Europe - Dec 20, 2018

By: XE Market Analysis

The Yen has outperformed amid a risk-off backdrop, with stock markets in Asia tumbling and S&P 500 futures showing losses of over 0.5%, building on the closing losses seen on Wall Street yesterday after the Fed refrained from signalling a pause in its tightening cycle. Read more

XE Market Analysis: Asia - Dec 19, 2018

By: XE Market Analysis

The Dollar remained under pressure ahead of the FOMC announcement, taking the DXY to eight session lows of 96.56 early in the session. Traders pared long USD positions, and in some cases gone short on expectations the Fed will raise rates today, but signal a pause in tightening going forward. Read more

XE Market Analysis: North America - Dec 19, 2018

By: XE Market Analysis

The Dollar remained on a softening tack, printing fresh lows against some currencies, including both the Yen and the Euro, the latter of which has been the chief beneficiary of the softer U.S. currency. EUR-USD edged out a fresh nine-day high of 1.1414, which surpasses yesterday's peak by 13 pips. Read more

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