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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

XE Market Analysis: Europe - Jun 18, 2019

By: XE Market Analysis

Sterling has hit fresh lows, and the Yen has remained bid amid a backdrop of continued sputtering in global stock markets. The Pound tumbled to fresh five-month lows against the dollar, Euro and Yen. Cable's low is 1.2512, with the pair showing a week-on-week decline of more than 1.5%. Read more

XE Market Analysis: Asia - Jun 17, 2019

By: XE Market Analysis

The Dollar was largely rangebound in N.Y. trade on Monday, though came under some selling pressure following a sharply lower Empire State index, and softer housing data. The DXY managed a 97.35 to 97.52 trading band. EUR-USD topped at 1.1247 after the data, later dipping to lows under 1.1220. Read more

XE Market Analysis: USD Rallies then Falls Ahead of FOMC Meetings on Wednesday

By: xemarketanalysis

OVERVIEW Interest rate announcements are on the docket this week from the UK and Japan Fed meetings starting on Wednesday expected to focus on US-China trade and tariffs and setting the groundwork for lowering interest rates. The Bank of England is expected to hold interest rates. Read more

XE Market Analysis: North America - Jun 17, 2019

By: XE Market Analysis

Trading has been directionally unambitious so far today, with the Dollar consolidating a recent phase of outperformance against other currencies. Stock markets have been narrowly mixed in Europe and Asia, as have S&P 500 futures. The FOMC, BoJ, and BoE all meet this week and though none are expected to change rates, markets will be eager to gauge any shift in tone. Read more

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