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XE Market Analysis: Asia - Jul 06, 2018

By: XE Market Analysis

The dollar slipped after the mix of data, where NFP were higher than forecast, and the the trade deficit narrowed slightly more than expected. Average hourly earnings were softer than anticipated however. EUR-USD rallied to three-week highs of 1.1766, up from 1.1715 as USD-JPY fell to 110.38 from over 110.65.[EUR, USD]EUR-USD rallied to near three-week highs after the jobs and trade data, and supported ahead of the open by strong German industrial production numbers. Read more

XE Market Analysis: US Dollar Falls Against the Euro

By: xemarketanalysis

OVERVIEW US Dollar falls to a 3-week low after jobs data was released. Sterling rises to 7-day high but short-lived ahead of May's crunch cabinet meeting. Euro gains on strong German data. HIGHLIGHT The US Dollar fell against the Euro to a 3-week low. Read more

XE Market Analysis: North America - Jul 06, 2018

By: XE Market Analysis

The euro and Australian dollars remain buoyant, the former aided by a continued run of good data out of the Eurozone, while the dollar, along with the yen, traded steady-to-softer. EUR-USD printed a three-week high of 1.1727. A solid 2.6% m/m gain in German industrial production in April data gave a lift to the common currency. Read more

XE Market Analysis: Europe - Jul 06, 2018

By: XE Market Analysis

The yen has weakened amid a backdrop rallying stock markets. USD-JPY lifted to a to a three-day high of 110.78, while EUR-JPY rallied to three-week highs and AUD-JPY, which has been the biggest percentage gainer so far today, has ascended to three-day highs. Read more

XE Market Analysis: US Dollar Falls Against the Euro

By: xemarketanalysis

OVERVIEW US Dollar falls to a 3-week low after jobs data was released. Sterling rises to 7-day high but short-lived ahead of May's crunch cabinet meeting. Euro gains on strong German data. HIGHLIGHT The US Dollar fell against the Euro to a 3-week low. Read more

XE Market Analysis: Asia - Jul 05, 2018

By: XE Market Analysis

The dollar index finished the N.Y. session near unchanged in N.Y. on Thursday, though the greenback mostly faded lower through the morning. The softer ADP jobs report was later offset by a stronger services ISM outcome. EUR-USD topped at 1.1720, after opening near 1.1700. Read more

XE Market Analysis: North America - Jul 05, 2018

By: XE Market Analysis

The dollar has traded mixed, while the euro has outperformed. EUR-USD posted a seven-session high of 1.1720 before correcting to levels around 1.1680, levels that still leave the pair up by 0.2% on the day, and by 1% over the last week. Other euro crosses have also been buoyant, particularly EUR-JPY which was showing a gain of over 0.5% in making a two-day peak at 129.51. Read more

XE Market Analysis: Europe - Jul 05, 2018

By: XE Market Analysis

The euro is opening Europe firmly, with EUR-USD testing the week's highs at 1.1690-91, EUR-JPY posting two-day highs above 129.35 and EUR-CHF ascending into three-week high territory. The dollar, outside the case against the euro, has been trading neutrally, including against most emerging world currencies. Read more

XE Market Analysis: Independence Day Keeps the Market on Hold

By: xemarketanalysis

OVERVIEW Markets have retreated into tight ranges for the US holiday. Divergence in UK/EU PMI data propels GBP/EUR higher. Stocks head lower back to the bottom end of recent range. HIGHLIGHT CNY rose sharply this morning after the Chinese central bank offered reassurance that it would intervene in markets to maintain stability amid escalating trade tensions with the US. Read more

XE Market Analysis: North America - Jul 04, 2018

By: XE Market Analysis

The dollar has traded mixed, gaining against an underperforming euro while losing some ground to the pound and holding near net unchanged versus the yen. Emerging market currencies came off the boil after earlier trading firmer after the yuan steadied, with the support of Beijing according to widespread reports, after declining notably last week and on Monday and Tuesday of this week. Read more

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