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XE Market Analysis: North America - Jul 09, 2019

By: XE Market Analysis

The Dollar continued to grind higher. The narrow trade-weighted USD index (DXY) printed a three-week high at 97.59 while EUR-USD pegged a fresh three-week low at 1.1193 and USD-JPY rallied to a five-week high at 108.96. USD-CAD has gained for a second day, this time posting a two-session high at 1.3134. Read more

XE Market Analysis: Europe - Jul 09, 2019

By: XE Market Analysis

Moderate USD firming has been a prevalent theme, driving the narrow USD index (DXY) to a two-session high at 97.43, which is just 1 pip shy of the near three-week peak that was seen on Friday. Markets are looking to Fed Chair Powell's Monetary Policy Report on Wednesday in the wake of Friday's strong jobs report. Read more

XE Market Analysis: Asia - Jul 08, 2019

By: XE Market Analysis

The Dollar firmed up some in N.Y. trade on Monday, though the DXY remained below Friday's near three-week top, peaking at 97.42. There was no data to drive the market, though following the much better June jobs report, Dollar dip-buying remained in vogue, as traders priced out aggressive Fed rate cut moves. Read more

XE Market Analysis: Currency Investors Take Coffee and Tea Breaks Leading Up to Powell Fed Announcements

By: xemarketanalysis

OVERVIEW The Dollar Index stays near three-week high after better-than-expected job numbers. The Canadian loonie consolidates near an eight-month high ahead of Bank of Canada meetings.  Read more

XE Market Analysis: North America - Jul 08, 2019

By: XE Market Analysis

The Dollar has consolidated gains seen following Friday's post-jobs report moderation in Fed easing expectations. EUR-USD has posted a narrow range around 1.1220-30 so far, while Cable, AUD-USD and other pairings saw a similar price action. The Yen unwound gains seen during the Tokyo session as stock markets across Asia came under pressure. Read more

XE Market Analysis: Europe - Jul 08, 2019

By: XE Market Analysis

The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY's high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the week. Read more

XE Market Analysis: Asia - Jul 05, 2019

By: XE Market Analysis

The Dollar rallied broadly in N.Y. trade on Friday, supported by a stronger June U.S. jobs report, which had the result of tamping down expectations for aggressive Fed easing. The USD was up against all major currencies through the session, taking the DXY to near three-week highs of 97.44, up from 96.90 at the open. Read more

XE Market Analysis: North America - Jul 05, 2019

By: XE Market Analysis

The Dollar took a rotation high during the Asian and European AM sessions. EUR-USD printed a 15-day low at 1.1255, retracing nearly 75% of the gains since the Fed's policy statement in mid June. While the Fed remains on course to cut rates on July 31, forex markets have been adjusting to competing dovish turns at other central banks. Read more

XE Market Analysis: Europe - Jul 05, 2019

By: XE Market Analysis

The Dollar has been traded firmer into the London interbank open, edging out a three day high against the Yen and making moderate advancements against the Euro, Canadian dollar and other currencies. USD-JPY's high is 109.73, we retraces about a third of the safe-haven driven declines the pair saw in the early part of the week. Read more

XE Market Analysis: North America - Jul 04, 2019

By: XE Market Analysis

The Dollar majors have been directionally uneventful with U.S. markets closed today and participants hunkering down ahead of tomorrow's U.S. jobs report. EUR-USD down shifted back to the 1.1280 area after pressing to a 1.1295 high during the pre-London session in Asia, leaving yesterday's peak at 1.1311 unchallenged. Read more

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