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XE Market Analysis: Asia - Feb 15, 2018

By: XE Market Analysis

The dollar was mostly steady through the N.Y. session on Thursday, with the dollar initially supported by warmer PPI data. Softer industrial production later weighed slightly. The DXY traded a relatively narrow range on either side of 88.80. EUR-USD ranged between 1.2505 and 1.2458, while USD-JPY recovered from 106.20 lows, to peak at 106.85. Read more

XE Market Analysis: US Dollar Slides as Risk Appetite Returns

By: xemarketanalysis

OVERVIEW USD under broad-based pressure despite 10-year treasury yields rising to highest in 4 years. US industrial production falls unexpectedly in January. Japanese Yen rises to multi-year high, BoJ board member Aso plays down intervention talk. French unemployment falls to its lowest since 2009. Canadian home sales drop as new mortgage rules kick in. Read more

XE Market Analysis: North America - Feb 15, 2018

By: XE Market Analysis

The dollar recouped some lost ground after posted fresh losses in Asia and in the early European AM session. The USD index (DXY) was off its lows but showing a 0.3% decline as of the early London PM session. EUR-USD settled back toward the mid 1.24s after logging a two-week high of 1.2510, and USD-JPY recouped above 106.70 after making a 15-month low of 106.30 during the Tokyo session. Read more

XE Market Analysis: Europe - Feb 15, 2018

By: XE Market Analysis

The dollar has declined for a fourth-straight session versus the euro and other currencies. The narrow trade-weighted USD index (DXY) is presently at a two-week low of 88.80, showing a 0.3% decline on the day and now racking up a 1.8% loss on the week so far. Read more

XE Market Analysis: Faster US Inflation Supports Rate Hike Concerns

By: xemarketanalysis

OVERVIEW US CPI above forecast in January as yields rise. USD rises on inflation data but then fell on Russia memo concerns. SA Rand rises as ANC put pressure on President Zuma. Japan's economy grew 0.1% in Q4, posting it as the longest continuous expansion since the 1980s. Read more

XE Market Analysis: Asia - Feb 14, 2018

By: XE Market Analysis

Hot U.S. CPI data, and a surge in Treasury yields dod little to help the dollar on N.Y. on Wednesday. While the greenback popped briefly after the data, sellers quicjly stepped in, taking the DXY to eight session lows of 89.07. The U.S. deficit outlook may be behind some of the USD's struggles this week, with massive shortfalls expected following tax and budget legislation. Read more

XE Market Analysis: North America - Feb 14, 2018

By: XE Market Analysis

The dollar rebounded during the London AM session after declining in Asia. Position squaring was reported with market participants eyeing the release of the U.S. CPI data for January, which may have a potentially large bearing on Fed tightening expectations. Read more

XE Market Analysis: Europe - Feb 14, 2018

By: XE Market Analysis

The dollar continued to deflate, led by ongoing and relatively hefty decline in USD-JPY, which has declined for a fifth straight session and is heading into the London AM session with a 0.5% loss on the day so far. The yen's outperformance also continued to weigh on yen crosses, which many are taking as portending further heightened bouts of volatility in global markets, even as most equity markets have taken consolidative tone over the last day. Read more

XE Market Analysis: Asia - Feb 13, 2018

By: XE Market Analysis

The DXY was marginally lower in N.Y. trade on Tuesday, dipping from 89.84 opening highs to 89.61, before heading back to 89.75. Wall Street was soggy through the morning session, though managed a moderate afternoon rally to close higher. Yields were little changed ahead of the key CPI report on Wednesday. Read more

XE Market Analysis: Japanese Yen Hits Five-Month Highs as Markets Remain Nervous

By: xemarketanalysis

OVERVIEW GBP rises after higher UK inflation data. Yen rises over 1%, prompting comments from the government minister. South Africa's President Zuma is recalled by his ANC party and will respond by tomorrow. Global stocks are under pressure as risk aversion is driving FX gains for CHF and JPY. Oil prices are at two-month lows as supply increases seen overtaking demand. HIGHLIGHT The Japanese Yen has risen to a five-month high as investors remain nervous following the heightened levels of volatility seen in global stock markets over the past week. Read more

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