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XE Market Analysis: Sterling Steadies Today Having Fallen Over Course of the Week

By: xemarketanalysis

OVERVIEW Sterling steadies near 11-month lows against the US Dollar. US Dollar rises against most major currencies. The Kiwi Dollar slides to 2.5 year low on dovish RBNZ. HIGHLIGHT Sterling steadied against the US Dollar and Euro, having fallen all week on fears that Britain will leave the EU with no agreement in place. US DOLLAR The US Dollar rose broadly against major currencies as trade tensions continue. Read more

XE Market Analysis: North America - Aug 09, 2018

By: XE Market Analysis

The Dollar lifted during the London AM session, with the USD index (DXY) having reversed most of the decline it posted yesterday in making an intraday peak of 95.35. EUR-USD concurrently fall back under 1.1600 to an intraday low of 1.1576 low, which puts in some distance from yesterday's five-session peak at 1.1628, though the pair still remained comfortably above yesterday's low at 1.1551. Read more

XE Market Analysis: Europe - Aug 09, 2018

By: XE Market Analysis

The Dollar has been lacking direction so far today, overall, though gained about 1% versus an underperforming New Zealand Dollar, which dropped sharply on the lead of the RBNZ's dovish guidance after the central bank left the official cash rate unchanged at 1.75%. Read more

XE Market Analysis: Asia - Aug 08, 2018

By: XE Market Analysis

The Dollar index perked up early in the N.Y. session on Wednesday, though later gave back its gains, dropping to 95.13 from 95.40 highs. There was no U.S. data to move markets. Wall Street settled on either side of flat, while Treasury yields were a touch lower. Read more

XE Market Analysis: North America - Aug 08, 2018

By: XE Market Analysis

There have been several themes at play so far today, one being a Dollar recovery from lows, another being a sharp decline in the Pound, and another being Yen outperformance. To start with Sterling, as it has been the biggest mover, Cable plunged over a big figure to one-year lows under 1.2875, while the Pound concurrently dove to a nine-month low versus the Euro and an 11-month low against the Yen. Read more

XE Market Analysis: Europe - Aug 08, 2018

By: XE Market Analysis

The Dollar has traded steady to modestly softer so far today. EUR-USD printed a four-session high of 1.1628, and the USD index (DXY) corrected for a second day after rallying for much of the previous week (in the wake of the Fed's upgrade on growth to "strong" from "solid"), though the Dollar remained above the respective lows it saw yesterday against Sterling, the Canadian Dollar and the Australian Dollar. Read more

XE Market Analysis: Asia - Aug 07, 2018

By: XE Market Analysis

The Dollar was on a softer footing early in the N.Y. session on Tuesday, though managed a modest recovery through the morning session. The DXY bottomed at 95.00 early, before recovering to 95.18 highs in relatively light dealings. There was no top tier data to drive the FX market. Read more

XE Market Analysis: North America - Aug 07, 2018

By: XE Market Analysis

The Dollar pulled back today after rallying for much of the last week (since the Fed upgraded its assessment of the U.S. economy to "strong" from "solid" in the June statement). There has been a view in markets that the U.S. currency will tend to firm as trade tensions with China ratchet higher, though the present lift in global stock markets has for now cooled this narrative. Read more

XE Market Analysis: Europe - Aug 07, 2018

By: XE Market Analysis

Narrow ranges have been seen once again on the day so far, as the London interbank takes to its collective seat. EUR-USD has settled back above 1.1550 after posting a six-week low yesterday at 1.1529. AUD-USD has lifted back above 0.7400 on route to edging out a two-session high of 0.7405. Read more

XE Market Analysis: Asia - Aug 06, 2018

By: XE Market Analysis

The Dollar index retreated from over two-week highs of 95.51 seen into the N.Y. open on Monday, later falling back to 95.27 lows. There was no data to move markets, resulting in fairly calm trading conditions in FX, Treasuries, and equities. EUR-USD bottomed at 1.1532, then rallied to 1.1570 into the London close. Read more

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