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XE Market Analysis: Europe - Aug 27, 2019

By: XE Market Analysis

The Yen firmed up, and was heading into the London interbank open with a 0.4% gain versus the Dollar, and a 0.6% rise against the Australian buck, which has been the underperformer of the main currency pack. The flight-to-safety dynamic, while modest, has been concomitant with a dip in S&P 500 futures, and has come despite firmer stock markets in Asia. Read more

XE Market Analysis: Asia - Aug 26, 2019

By: XE Market Analysis

The Dollar was a little higher overall in N.Y. on Monday, taking the DXY to 98.08 highs from opening lows of 97.95. EUR-USD was steady through the morning, topping at 1.1124, later bottoming at 1.1097. USD-JPY USD-JPY peaked at 106.40 early on, later settling into a narrow range on either side of 106.00. Read more

XE Market Analysis: CAD Consolidates and Shows Little Interest, eh!

By: xemarketanalysis

OVERVIEW The Dollar Index rebounds 0.5% and greenback firms against most major currencies. Poor IFO reading accentuates pressure on the Euro. Read more

XE Market Analysis: North America - Aug 26, 2019

By: XE Market Analysis

Developments on the trade front inspired fresh volatility in forex markets today, which saw the Yen hit a 33-month high against the Dollar before turning quite sharply lower. Thin conditions prevailed in the absence of London markets. USD-JPY lifted back to the upper 105.0s after hitting a 33-month low at 104.45 in early Tokyo trading. Read more

XE Market Analysis: Europe - Aug 26, 2019

By: XE Market Analysis

High volatility has been the order in forex markets. News that President Trump said that China called U.S. negotiators and that "we're going to start talking very seriously with China" and that "I think we will make a deal" helped spark a rotation low in the yen after the safe-haven currency choice had earlier rallied to a 33-month high versus the dollar. Read more

XE Market Analysis: Asia - Aug 23, 2019

By: XE Market Analysis

The Dollar Index fell to eight session lows of 97.67 in N.Y. on Friday, coming from 98.42 at the open. USD sellers stepped in after China announced 5-10% tariffs on an additional $75 bln of U.S. goods, and the Greenback was weighed down by a fairly dovish, but non-committal speech from Fed chair Powell. Read more

XE Market Analysis: Europe - Aug 23, 2019

By: XE Market Analysis

The New Zealand Dollar outperformed and China's Yuan weakened, while the U.S. buck traded modestly firmer against most currencies as market participants anticipate Fed Chair Powell's address at the Jackson Hole Symposium later today. Regarding Powell, market participants are evidently not overly hopeful he will signal a clear and strong commitment to sustained rate cuts following hawkish-leaving remarks by Fed members George and Harker yesterday, and the not-so-dovish FOMC minutes from the day before. Read more

XE Market Analysis: Asia - Aug 22, 2019

By: XE Market Analysis

The Dollar was lower through N.Y. morning trade on Thursday, seeing the DXY fall from pre-open highs of 98.39 to lows of 98.08. The bulk of losses came following the Markit manufacturing PMI outcome, which dipped under the 50 bust/boom line for the first time since September of 2009. Read more

XE Market Analysis: The US Dollar Steadies Ahead of Jackson Hole Party

By: xemarketanalysis

OVERVIEW The Dollar Index is flat near a 2019 high, waiting for the big Central Bankers' meeting we've been mentioning over the past few days. Soft PMI readings send the Euro below the 1.11 handle. WTI Crude oil gained another 1.20% but commodity-currencies remain on the defensive. HIGHLIGHT The British Pound continues to make a steady recovery against the greenback. Read more

XE Market Analysis: North America - Aug 22, 2019

By: XE Market Analysis

EUR-USD more than reversed gains seen following above-forecast Eurozone PMI data, dropping back to the 1.1175-80 area, leaving the post-data high at 1.1113, which matched the one-week peak seen earlier in the week. The common currency saw a similar U-turn lower against the yen, Swiss franc and other currencies. Read more

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