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XE Market Analysis: Europe - Jun 14, 2018

By: XE Market Analysis

The dollar has more than given back gains seen in the immediate wake of the Fed's rate hike and hawkish-tilting guidance. EUR-USD recouped back above 1.1800 after dipping to a 1.1725 low, post Fed. The euro has been trading generally firmer over the last day, gaining against the pound, Swiss franc, among other currencies, with market narratives focusing on the successful Italian auction of 30-year bonds yesterday, with the appetite for the long-dated debt seen as a good litmus test of investor sentiment on the new Italian government. Read more

XE Market Analysis: Asia - Jun 13, 2018

By: XE Market Analysis

The DXY topped at seven session highs of 94.01 after the Fed raised interest rates, as-expected. The index had bottomed at 93.55 after the London close. The dollar rallied following the FOMC, taking EUR-USD to lows of 1.1725, from near 1.1790, and USD-JPY to 110.80 from near 110.40. Read more

XE Market Analysis: North America - Jun 13, 2018

By: XE Market Analysis

The dollar has been trading mixed so far today as markets anticipate the Fed policy announcement. The euro has posted moderate across-the-board gains, with EUR-USD vaulting back above 1.1760, over 30 pips up on the intraday low, and EUR-JPY pushing back above 130.00, EUR-GBP above 0.8810 and EUR-CHF above 1.1615. Read more

XE Market Analysis: Europe - Jun 13, 2018

By: XE Market Analysis

Most currencies have been directionally dormant so far today, though USD-JPY managed to claw out a fresh three-week high at 110.68. Yen crosses also remained underpinned, though most, such as EUR-JPY and AUD-JPY, for instance, remained below recent highs. Read more

XE Market Analysis: Asia - Jun 12, 2018

By: XE Market Analysis

Markets were relatively quiet in the aftermath of the Trump/Kim summit, and ahead of Wednesday's likely Fed rate hike. The FX market saw the dollar perk up after the London close, taking the DXY to 93.85 highs from lows of 93.49. EUR-USD slipped to 1.1737 from 1.1801 highs, while USD-JPY topped at 110.44, up from 110.16. Read more

XE Market Analysis: Trumps Meets NK On the Block

By: xemarketanalysis

OVERVIEW DXY Index flat after handshake effect fades away but JPY drops to a 3-week low. Investors nervous as Brexit bill goes to House of Commons. More tweets augur badly for an under-pressure Canadian Loonie. WTI loses 13 cents, moving under $66.00 a barrel. HIGHLIGHT The Mexican Peso is searching for new bottoms after dropping nearly 3.3% so far this month. Read more

XE Market Analysis: North America - Jun 12, 2018

By: XE Market Analysis

The dollar has traded mixed and in relatively narrow ranges. USD-JPY managed to post a three-week high at 110.49 during the Tokyo session amid a then-buoyant mood in Asian markets amid the fanfare and bonhomie of the Trump-Kim summit, but subsequently ebbed back toward the 110.00 level as a more circumspect mood prevailed after the two leaders issued a statement that while touting it as an "epochal event" and pledging denuclearization, lacked concrete steps, aside from pledging follow-on meetings "at the earliest possible date." EUR-USD recovered the 1.1800 handle after dipping to two-session low of 1.1742 in the wake of the Tokyo fix, though a sub-forecast German ZEW investor sentiment gauge capped gains. Read more

XE Market Analysis: Europe - Jun 12, 2018

By: XE Market Analysis

The dollar traded moderately firmer heading into the London interbank open, led by a 0.3% gain in USD-JPY, which logged a three-week high just shy of 110.50. Yen crosses also firmed up, reflecting broader softness in the yen as safe haven premiums unwound amid a caution sense of optimism in global markets about the Trump-Kim summit, which has just ended. Read more

XE Market Analysis: Euro Gains After Italy Reassures on Currency and Debt

By: xemarketanalysis

OVERVIEW Markets are in an upbeat mood as Trump and Kim prepare to meet in Singapore. UK data suggests the economy is still struggling for momentum. Big week ahead with Fed and ECB meetings. Canadian Dollar under pressure after G7 row. Turkey's economy surges in Q1 despite weak currency and surging borrowing costs. HIGHLIGHT The Euro rose back above 1.18 versus the US Dollar after Italy's new Economy Minister, Giovanni Tria, said yesterday that the new coalition government has no intention of leaving the Euro and plans to focus on cutting debt levels. Read more

XE Market Analysis: North America - Jun 11, 2018

By: XE Market Analysis

The dollar has traded mixed, and currencies were more generally settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump's refusing to sign off on the G7 communique. The biggest mover in early trade was a sharp dip in the Canadian dollar. Read more

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