Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The Dollar pulled back in N.Y. on Wednesday, taking the DXY to 98.96 lows from 99.41 into the U.S. open. Recession fears following weak manufacturing ISM on Tuesday and not exactly stellar ADP jobs report saw stocks, Treasury yields, and the USD all take a trip lower. Read more
OVERVIEW US Dollar regains stability after taking an overnight dip PM Johnson unveils a final Brexit separation proposal ahead of the October 31st cliff date. The Canadian dollar remains stable as GDP remains steady HIGHLIGHT There is growing concern that US economic growth could be coming to a halt. Read more
A dollar has been trading mixed against a backdrop of global stock market declines. USD-JPY printed a six-day low at 107.55, extending the correction after the pair yesterday matched the two-month high seen in mid September at 108.47. EUR-USD, meanwhile, held steady after yesterday lifting out of the 28-month low at 1.0879 following the big miss in the U.S. Read more
Sterling has come under moderate pressure into the London interbank opening, though has remained above yesterday's lows. Brexit is finally coming to a head, with Prime Minister Johnson set to send Brussels his government's final proposals. He has already stated that if the EU does not agree to discuss them that he will refuse to negotiate further. Read more
The Dollar was higher in early N.Y. trade on Tuesday, leaving the DXY at a better than two-year peak of 99.67. Gains were not to last however, as a 10-year low U.S. manufacturing ISM took the wind out of the buck's sails in a hurry. The ISM fell to 10-year lows of 47.8, causing a broad Dollar sell-off, and sliding equities and yields. Read more
OVERVIEW US Institute for Supply Management results came in significantly lower than expected. British Chancellor Sajid Javid vowed to raise the minimum "Living Wage" to ten pounds fifty. Canadian goods manufacturing was down, and Real GDP was flat after four consecutive months of growth. Read more
The dollar pared gains after posting fresh highs against the euro, yen, Australian and New Zealand dollars, among other currencies. EUR-USD lifted out of a 28-month low at 1.0879, recouping to levels above 1.0900. EUR-CHF gained sharply, by nearly 0.5%, and most other euro crosses also rose, despite expectedly benign Eurozone inflation headlines in preliminary September data. Read more
The Australian has taken a tumbled on RBA guidance, with the central bank's governor, Lowe, repeating in his post-policy meeting statement that low interest rates will be required for an extended period of time. This followed a decision to leave the cash rate unchanged at its record low 0.75%. Read more
The Dollar was firmer in N.Y. on Monday, taking the DXY to 28-month highs of 99.45 early in the session. Much of the Dollar index's move came with EUR-USD weakness, which saw that pairing fall to trend lows of 1.0885 on the back of cool German CPI. Later, softer U.S. Read more
OVERVIEW You guessed it, Brexit uncertainty continues, and it is darkening investor sentiment related to both the pound and business securities. US-China trade relations continue to be as icy as recent pre-winter snowstorms in Alberta and Montana. The euro is running to stand still as sombre economic predictions are weighing on the shared currency. Read more
