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XE Market Analysis: The US Dollar Bears the Brunt of Impatient Currency Markets

By: xemarketanalysis

OVERVIEW The greenback is unable to arrest its broad-based decline after the Fed's dovish interest rate hold The Canadian loonie jumps higher, fuelled by strong crude oil prices. Read more

XE Market Analysis: North America - Jun 20, 2019

By: XE Market Analysis

The Dollar extended losses that were ignited by the Fed's dovish guidance yesterday. The USD index hit an eight-day low at 96.68, extending the decline from pre-Fed announcement levels to comfortably over 0.5%. EUR-USD concurrently posted a high at 1.1306 so far, the loftiest level seen sine June 12. Read more

XE Market Analysis: Europe - Jun 20, 2019

By: XE Market Analysis

The Dollar has rotated lower after the Fed span dovish in its guidance following the FOMC meeting. The USD index has dropped by 0.7% from pre-announcement levels to a low at 96.278, seen earlier in the pre-Europe Asian session, while EUR-USD has concurrently rallied by over 0.5% in making a six-day high at 1.1284. Read more

XE Market Analysis: Asia - Jun 19, 2019

By: XE Market Analysis

FX trade was quiet ahead of the Fed, though the Dollar fell broadly after the FOMC announcement, where rates were left unchanged, as widely expected. The statement said uncertainties have increased, and "the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion". Read more

XE Market Analysis: The Currency Market is Calm Ahead of Significant Moves from the Fed

By: xemarketanalysis

OVERVIEW The greenback is trading flat against most major currencies as the Fed starts two days of meetings. Canadian inflation surprises to the upside, boosting the loonie to a two-day high. Read more

XE Market Analysis: North America - Jun 19, 2019

By: XE Market Analysis

The Dollar has seen moderate softness against the Euro, Yen and Sterling, among other currencies, while holding net steady against the Dollar bloc units, in what has been subdued pre-Fed announcement trading in forex markets. EUR-USD nudged above 1.1200, lifting out of the 16-day low seen yesterday at 1.1181, which was the product the eyebrow-raising dovish about-turn of ECB's Draghi yesterday. Read more

XE Market Analysis: Europe - Jun 19, 2019

By: XE Market Analysis

Narrow ranges have been prevailing among the main currencies, despite Wall Street closing strongly higher, the MSCI Asia-Pacific index hitting five-week highs, the 10-year Bund yield hitting a record low, and a the 10-year U.S. note yield printing a its lowest closing level in 21 months. Read more

XE Market Analysis: Asia - Jun 18, 2019

By: XE Market Analysis

The Dollar headed higher ahead of the N.Y. open on Tuesday, led by EUR-USD losses following dovish comments from ECB's Draghi. The DXY topped at 97.76 from overnight lows of 97.37. EUR-USD ranged between 1.1183 and 1.1212 through the N.Y. session. USD-JPY was boosted to 108.67 highs from 108.06 following a Trump tweet saying he will meet with China's Xi at the G-20 next week to discuss trade. Read more

XE Market Analysis: Currency Markets Wait Patiently for FOMC Decision

By: xemarketanalysis

OVERVIEW The Dollar Index sits atop a two-week high as the FOMC deliberates its next move USD/CAD is trading north of 1.34 handle ahead of the Canadian inflation report card Read more

XE Market Analysis: North America - Jun 18, 2019

By: XE Market Analysis

The Dollar traded firmer by virtue of the Euro taking a tumble amid a mix of soft Eurozone data and dovish remarks from ECB President turn, the Pound taking a hit as it becomes ever more likely that arch Brexiteer Boris Johnson will be the new UK prime minister, and the Australian Dollar taking a spill following the release of the RBA's June-meeting minutes, which signalled that a follow-up rate cut is in the works. Read more

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