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XE Market Analysis: Asia - Oct 03, 2018

By: XE Market Analysis

Solid ADP jobs and services ISM data supported the Dollar in N.Y. trade on Wednesday, taking the DXY to a better than one-month high of 95.78. EUR-USD fell to 1.1509 lows from 1.1554, while USD-JPY printed 11-month highs of 111.41 on improved risk taking levels. Read more

XE Market Analysis: USD gains on strong ADP jobs numbers, Italian worries continue

By: xemarketanalysis

OVERVIEW The US Dollar strengthens as jobs data shows their economy is in good shape. The Pound holds steady as PM Theresa May stays on script on Brexit. The Loonie sinks slightly, but retains the gains made now that the trilateral USMC Agreement is replacing NAFTA. HIGHLIGHT The US Dollar is strong against today relative to peer currencies after ADP jobs data exceeded expectations. Read more

XE Market Analysis: North America - Oct 03, 2018

By: XE Market Analysis

There have been mixed themes in trading so far today, with the Dollar and Yen trading generally softer, especially against an outperforming Euro, except in the case versus the Australian Dollar, which has underperformed following a 9.4% m/m in Australian building approvals (which confounded the median forecast for a 1.0% m/m rise). Read more

XE Market Analysis: Europe - Oct 03, 2018

By: XE Market Analysis

The Euro lifted across-the-board on a report in Italy's Corriere della Sera says that the government is now planning to cut the budget deficit to 2% of GDP in 2021, following deficits of 2.4% in 2019 and 2.2% in 2020, which sparked a bounce in the euro. Read more

XE Market Analysis: Asia - Oct 02, 2018

By: XE Market Analysis

The Dollar index pulled back from one-month highs seen early in the session on Tuesday, dipping to 95.36 from 95.74. There were no data to drive markets through the session. EUR-USD recovered from trend lows of 1.1506, peaking later at 1.1570. USD-JPY found support ahead of 113.50, while USD-CAD chopped around in the lower 1.28's. Read more

XE Market Analysis: Canadian Loonie Nestles Atop 4-month High on USMCA

By: xemarketanalysis

OVERVIEW The US Dollar stays strong against most G-10 currencies Investors await for the details of the new trilateral USMCA pact. Oil futures are up with WTI trading near $75.50 a barrel HIGHLIGHT The Canadian Loonie got the nicest kind of shot in the arm following the announcement of a new trilateral trade agreement. Read more

XE Market Analysis:

By: xemarketanalysis

OVERVIEW The US Dollar stays strong against most G-10 currencies Investors await for the details of the new trilateral USMCA pact. Oil futures are up with WTI trading near $75.50 a barrel HIGHLIGHT The Canadian Loonie got the nicest kind of shot in the arm following the announcement of a new trilateral trade agreement. Read more

XE Market Analysis: North America - Oct 02, 2018

By: XE Market Analysis

The Dollar and Yen ascended while the likes of the Euro, Sterling and Australian Dollar were the standout underperformers. EUR-USD and Euro crosses tumbled sharply on Italy angst, which drove EUR-USD to a six-week low at 1.1505. The head of economic policy of Italy's ruling Lega party, Claudio Borghi, said that he was "truly convinced that Italy would solve most of its problems it if had its own currency," though a spokesman walked back the remarks by stating that leaving the euro is not the government's policy and that "it has no plans to do so," which helped stabilize the common currency. Read more

XE Market Analysis: Europe - Oct 02, 2018

By: XE Market Analysis

Both the Dollar and Yen have outperformed, with the latter outpacing the former, driving USD-JPY to a two-day low of 113.80 despite concurrent Dollar gains versus most other currencies. Euro weakness has remained a theme, with fresh volatility in Italian asset markets, in turn a reflection about the government's budget, weighing on the common currency. Read more

XE Market Analysis: Asia - Oct 01, 2018

By: XE Market Analysis

The Dollar index rallied in N.Y. trade on Monday, taking it to 95.36 highs from opening lows of 95.01. The move came despite softer ISM and construction spending data, and was largely attributed to the trade agreement between the U.S. and Canada. EUR-USD slipped to 1.1564, helped lower by Italian political concerns. Read more

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