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XE Market Analysis: North America - Aug 13, 2018

By: XE Market Analysis

The Dollar and Yen rose while the Euro, Australian Dollar and other currencies dropped as risk-off went next level today as the Turkish Lira dove to new record lows, which in turn sparked risk aversion in other emerging market currencies. Ankara implemented raft of measures that successfully stopped the rout in the Lira, which in turn brought some respite to broader markets, though global stock markets remain down. Read more

XE Market Analysis: Europe - Aug 13, 2018

By: XE Market Analysis

The Dollar and Yen rallied amid a coursing risk-off theme in markets, which has hit Asian stock markets, commodity prices, and seen the likes of the Euro and Australian Dollar underperform relative to the other main currencies. The Turkish Lira dove to a new record low 7.24 versus the Dollar before rebounding some after Ankara issue a notice that it will implement a plan this morning to stop the currency's decent, with the central bank of Turkey subsequently issuing a raft of measures. Read more

XE Market Analysis: Asia - Aug 10, 2018

By: XE Market Analysis

The Dollar soared to better than one-year highs in N.Y. on Friday, taking the DXY to levels last seen on July 7 of last year. The Greenback had been on the move higher during the London morning session, as Turkey melted down on economic turmoil there, made worse later by the doubling of U.S. Read more

XE Market Analysis: North America - Aug 10, 2018

By: XE Market Analysis

EUR-USD recovered to the upper 1.1400s after dropping sharply into the London interbank open, leaving a 13-month low at 1.1432. Even at levels around 1.1475-80 the pair was still showing a loss of nearly 0.5% on the day. The move was largely fuelled by a strong rally in the Dollar, which is being widely viewed as a safe haven amid a run-to-the-hills bout of risk aversion in global markets, though the Euro, along with Sterling, came under particular pressures as the Turkish Lira's crashed to new record lows, which in turn came amid reports that the ECB's supervisory arm has raised concerns about the exposure of European banks to Turkish assets. Read more

XE Market Analysis: Europe - Aug 10, 2018

By: XE Market Analysis

The Dollar has rallied strongly into the London interbank open, driving EUR-USD to a 13-month low of 1.1448, Cable to fresh one-year lows under 1.2800 and AUD-USD to three-week lows. The Greenback has also posted gains against most other currencies, most notably the Turkish Lira, which has tumbled to fresh record lows. Read more

XE Market Analysis: Asia - Aug 09, 2018

By: XE Market Analysis

The Dollar index made its way to near highs of the week in N.Y. on Thursday, making its way to 95.48 late in the session from 95.16 early lows, despite cooler PPI data. Jobless claims were about in line with expectations. Wall Street was narrowly mixed, while Treasury yields slipped. Read more

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

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