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XE Market Analysis: Europe - Dec 07, 2018

By: XE Market Analysis

Currencies have been mixed in trade so far today. The Yen has seen some of its safe haven premium unwind, concomitantly with a steadying in global stock markets, although S&P 500 futures are showing a 0.5% loss while the Australian Dollar and other Dollar bloc currencies have drifted back towards lows. Read more

Xe Currency Market Analysis: US Dollar under pressure as Yields Continue to Fall

By: xemarketanalysis

OVERVIEW The US Dollar weakens against a basket of currencies as bond yields tumble This Greenback weakness pops up the Pound as we prepare for the ‘meaningful vote’ on the Brexit separation arrangement The Canadian dollar continues to weaken as Governor Poloz states the economy is weaker than expected HIGHLIGHT The Loonie briefly breached the 1.34 level today as a combination of dovish comments from Bank of Canada’s Poloz on the state of the Canadian economy and a decrease in the price of oil. Read more

XE Market Analysis: Asia - Dec 06, 2018

By: XE Market Analysis

The Dollar was mostly lower in N.Y. on Thursday, with some soft-ish data weighing some, and profit taking setting in after the DXY made four-session highs on Wednesday. Incoming data included as softer ADP jobs reading, a widened trade deficit, and a higher than forecast initial jobless claims outcome. Read more

XE Market Analysis: North America - Dec 06, 2018

By: XE Market Analysis

A risk-off theme dominated in forex markets as the global stock rout continued across European and Asian bourses, while S&P 500 futures racked up a 1.7% loss, extending the 3%-plus dive seen on Wall Street on Tuesday. The biggest currency losers have been the relatively high beta Dollar bloc and emerging market currencies, while the biggest winner has been the Yen. Read more

XE Market Analysis: Europe - Dec 06, 2018

By: XE Market Analysis

The Dollar majors have mostly remained in relatively narrow ranges, holding with respective ranges from yesterday. A cross theme has been continued Yen firmness amid an ongoing rout in global stock markets, with S&P futures showing a 0.9% loss, adding to the heavy losses seen on Tuesday (Wall Street was closed yesterday), while Asian bourses have been a sea of red, with the arrest of the Huawei CFO threating to escalate tensions between the U.S. Read more

Xe Market Analysis: Dollar settles as fears of Recession Ease

By: xemarketanalysis

OVERVIEW US Dollar steadied after a possible inversion in the Treasury Yield curve The Pound trades well off its lows as Brexit outlook turns more positive Canadian dollar hits an 18-month low as rate hike chances are slashed HIGHLIGHT The Loonie hit an 18-month low today as a rate hike was put on the back burner by the Bank of Canada. Read more

XE Market Analysis: Asia - Dec 05, 2018

By: XE Market Analysis

U.S. equity futures traded Wednesday and managed a modest rebound after Tuesday's drop. This may provide some boost when Wall Street reopens Thursday. Treasury markets were closed as well. The Dollar index was a bit firmer, but FX trade was very thin[EUR, USD]EUR-USD fell to 1.1350 in early N.Y. Read more

XE Market Analysis: North America - Dec 05, 2018

By: XE Market Analysis

The Dollar has traded mixed, falling back against the Euro and Sterling while holding firmer versus the Dollar bloc currencies and the Yen. EUR-USD recouped to levels around 1.1350 after printing a two-day low at 1.1317, which is just over a big figure down on yesterday's peak. Read more

XE Market Analysis: Europe - Dec 05, 2018

By: XE Market Analysis

The Dollar has traded firmer despite fresh declines in U.S. yields yesterday, where the flattening yield curve has added the list of possible precursors of recession. Safe haven demand for the U.S. currency was cited in market narratives yesterday as Wall Street headed to sharp closing losses. Read more

XE Market Analysis: Asia - Dec 04, 2018

By: XE Market Analysis

After falling overnight, the DXY rallied through the N.Y. session on Tuesday, topping at 97.12 from lows of 96.39 into the open. There was no data to drive the market, though uncertainty over trade (Trump tweet: "I am Tariff Man") spooked markets, resulting in safe-haven flows into the Dollar (and Yen). Read more

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