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XE Market Analysis: Europe - Jul 11, 2019

By: XE Market Analysis

The USD posted fresh lows during the pre-Europe session in Asia as markets continued to readjust Fed easing expectations in the wake of Chairman Powell's testimony yesterday, which was consistent with a 25 bp rate cut at the end of this month with an addendum stipulating that the Fed has the tools needed and could use them "aggressively" if necessary. Read more

XE Market Analysis: Asia - Jul 10, 2019

By: XE Market Analysis

Fed chair Powell all but confirmed a rate cut later this month, as he spoke in dovish tones in testimony to the House Financial Services Committee. Short yields dove, while Wall Street rallied, and the Dollar headed lower. The DXY fell from over 97.45, to a low of 97.06 through the morning session. Read more

XE Market Analysis: The Fed is Expected to Keep its Powder Dry and its Senses on High Alert

By: xemarketanalysis

OVERVIEW The market waits for the Fed Chair to deliver his economic assessment. In the meantime, G10 currencies remain calm. USD/CAD oscillates around the 1.31 handle ahead of today's rate decision from the Bank of Canada. WTI Crude oil prices jumped 2.35% over geopolitical risks HIGHLIGHT The Bank of Canada will command the limelight this morning as it seemingly prepares to announce another no-change decision. Read more

XE Market Analysis: North America - Jul 10, 2019

By: XE Market Analysis

The USD has traded mixed into the New York interbank open and Fed Chair Powell's Congressional testimony. The U.S. currency posted moderate losses against the EUR and GBP, while still managing to claw out new highs versus the JPY, AUD and NZD. The EUR rallied on above-forecast production data out of France and Italy, which sparked a spike in Bund yields and saw EUR-USD post a two-day high at 1.1229. Read more

XE Market Analysis: Europe - Jul 10, 2019

By: XE Market Analysis

The USD majors mostly settled to a consolidation as market participants went into bets-off mode ahead of the Congressional testimony of Fed Chairman Powell later today. The narrow trade-weighted USD index (DXY) was showing little change heading into the London interbank open, at 97.50. Read more

XE Market Analysis: Asia - Jul 09, 2019

By: XE Market Analysis

The Dollar was relatively steady through the N.Y. session on Tuesday, with traders mostly on Powell patrol ahead of the Fed chair's congressional testimony on Wednesday. There was nothing in the way of market moving data, and focus remained on position adjustment activity. Read more

XE Market Analysis: Brexit Uncertainty Endures and Continues to Rock the Pound

By: xemarketanalysis

OVERVIEW The greenback is trading firmer, up by 0.15% against other major currencies. The British pound slid to its lowest level since January on growing Brexit uncertainty. Read more

XE Market Analysis: North America - Jul 09, 2019

By: XE Market Analysis

The Dollar continued to grind higher. The narrow trade-weighted USD index (DXY) printed a three-week high at 97.59 while EUR-USD pegged a fresh three-week low at 1.1193 and USD-JPY rallied to a five-week high at 108.96. USD-CAD has gained for a second day, this time posting a two-session high at 1.3134. Read more

XE Market Analysis: Europe - Jul 09, 2019

By: XE Market Analysis

Moderate USD firming has been a prevalent theme, driving the narrow USD index (DXY) to a two-session high at 97.43, which is just 1 pip shy of the near three-week peak that was seen on Friday. Markets are looking to Fed Chair Powell's Monetary Policy Report on Wednesday in the wake of Friday's strong jobs report. Read more

XE Market Analysis: Asia - Jul 08, 2019

By: XE Market Analysis

The Dollar firmed up some in N.Y. trade on Monday, though the DXY remained below Friday's near three-week top, peaking at 97.42. There was no data to drive the market, though following the much better June jobs report, Dollar dip-buying remained in vogue, as traders priced out aggressive Fed rate cut moves. Read more

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