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XE Market Analysis: Bank of Canada Keeps Rates on Hold

By: xemarketanalysis

OVERVIEW Market sentiment remains positive on headlines that US officials met with North Korean leadership. Canadian Dollar falls after BoC Governor is cautious on rate outlook. GBP slides after inflation cools. EUR mixed, inflation revised down. Turkish Lira outperforming after the president announces the early election. HIGHLIGHT UK inflation unexpectedly cooled to 2.5% last month, its lowest level in a year from 2.7% in February, raising some doubts over whether the BoE will raise rates next month. Read more

XE Market Analysis: North America - Apr 18, 2018

By: XE Market Analysis

EUR-USD traded softer, although rebounded sharply from two separate dips below the 1.2350 level. The pair is down from the three-week high posted yesterday at 1.2414. Yesterday's sub-forecast German ZEW survey put a lid on euro buying as the report developing an economic slowdown theme in the Eurozone's engine economy. Read more

XE Market Analysis: Europe - Apr 18, 2018

By: XE Market Analysis

Narrow ranges have mostly prevailed into the London interbank open, with most of the main dollar pairings holding well within their respective ranges from yesterday. This has been seen amid an ongoing recovery rally in global stock markets as trade and geopolitical concerns continued to abate. Read more

XE Market Analysis: Asia - Apr 17, 2018

By: XE Market Analysis

The dollar bounced modestly through the N.Y. morning session on Tuesday, taking its lead from a calmer geopolitical backdrop, better incoming U.S. data, and solid earnings reports. The DXY topped at 89.66, before later pulling back to 89.49 lows. EUR-USD bottomed at 1.2337 after opening near 1.2375, while USD-JPY topped at 107.21, later briefly dipping under 107.00. Read more

XE Market Analysis: UK Unemployment Lowest Since 1975

By: xemarketanalysis

OVERVIEW USD steadies and gains versus European currencies. EUR weakens after ZEW survey. GBP retreats from post-Brexit highs versus Dollar after wage data disappoints. AUD slightly weaker after RBA minutes. HIGHLIGHT UK unemployment fell unexpectedly to 4.2% in February, its lowest level since May 1975 as the economy continues to create jobs, despite slower GDP growth since the Brexit vote. Read more

XE Market Analysis: North America - Apr 17, 2018

By: XE Market Analysis

A dollar softening theme has prevailed , with EUR-USD ascending to three-week highs above 1.2400 and USD-JPY pushing to three-day lows below 107.00. AUD-USD has also turned higher after weakening in the wake of the release of the RBA's minutes to its April policy meeting, which stated that there was no reason to hike rates over the near term, cementing the view that the central bank will likely be on hold through to 2019. Read more

XE Market Analysis: Europe - Apr 17, 2018

By: XE Market Analysis

A dollar softening theme has been prevailing, with EUR-USD printing a three-week high just above 1.2380 and USD-JPY pushing to three-day lows below 107.00. AUD-USD has also turned higher after weakening in the wake of the release of the RBA's minutes to its April policy meeting, which was deemed as showing board members as being relatively less optimistic on the economy than before, helping cement the view that the central bank will likely be on hold through to 2019. Read more

XE Market Analysis: Asia - Apr 16, 2018

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Monday, though the dollar overall was a bit softer, seeing the DXY bottom at 89.39 from opening highs of 89.61. INcoming data was mixed, with retail sales a touch better than consensus, and the Empite State index missing the mark. Read more

XE Market Analysis: Sterling Marches On

By: xemarketanalysis

OVERVIEW US Dollar dips as hopes for the Syria strikes do not escalate. Sterling heading towards post-Brexit vote highs. Loonie strengthens on last-minute oil pipeline attempt. HIGHLIGHT The Pound pushed higher today across the board, setting a positive tone for the Sterling since the signing of the post-Brexit agreement in March. Read more

XE Market Analysis: North America - Apr 16, 2018

By: XE Market Analysis

The dollar traded moderate softer. EUR-USD clocked a two-session high of 1.2373 from the 1.2330-35 area while the narrow USD trade-weighted index (DXY) ebbed by 0.25%. AUD-USD also traded firmer, and USD-CAD softer. Cable traded above 1.4300 for the first time since January. Read more

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