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about 14 days ago

XE Market Analysis: Europe - Nov 04, 2019

By: XE Market Analysis

A risk-on vibe saw the yen retain a soft tone while the Australian and New Zealand dollars benefited most out of the main currencies, and most developing world currencies posted gains against the dollar and yen. The South African rand rallied most sharply as markets reacted to on relief that Moody's maintained South Africa's investment-grade rating on Friday, although trimming its outlook to "negative". Read more

about 17 days ago

XE Market Analysis: Asia - Nov 01, 2019

By: XE Market Analysis

The Dollar rallied in early N.Y. trade on Friday, supported by a better October U.S. employment report. The DXY rose to 97.45, up from overnight two-week lows of 97.17, though faded again after the October manufacturing ISM miss. The Dollar index later tested intra day lows. Read more

about 17 days ago

XE Market Analysis: North America - Nov 01, 2019

By: XE Market Analysis

The dollar pared losses seen during the Asia session and the early part of the European day as the release of the U.S. jobs report for October started to come into sharp focus. EUR-USD has been plying a narrow range in the mid 1.1100s, below the 11-day peak seen yesterday at 1.1175. Read more

about 17 days ago

XE Market Analysis: Europe - Nov 01, 2019

By: XE Market Analysis

The dollar has traded softer, which has pushed the narrow trade-weighted USD index (DXY) to an 11-day low at 97.20. Yesterday's across-the-curve ebb in U.S. Treasury yields and recession-narrative fitting weak Chicago PMI data have weighed on the U.S. Read more

about 17 days ago

XE Market Analysis: Asia - Oct 31, 2019

By: XE Market Analysis

The Dollar attempted to rally some in N.Y. morning trade on Thursday, following decent incoming early data. A huge Chicago PMI miss however, saw early gains come unwound, taking the Greenback to near opening lows again. Risk-off conditions weighed heavily on USD-JPY, which dipped under the 108 mark for the first time in three weeks. Read more

about 18 days ago

XE Market Analysis: North America - Oct 31, 2019

By: XE Market Analysis

The dollar posted fresh lows, extending losses that were imparted by the Fed's policy guidance yesterday. The yen, meanwhile, outperformed amid a safe-haven driven rally that was catalyzed by a Bloomberg report citing 'in the know' sources saying that China is pessimistic that a comprehensive and long-term trade can can be made with the "impulsive" Trump, and fear that he might pull out of the pending partial agreement (which appears to have hit a snag, with Beijing objecting to the quantities of U.S. Read more

about 18 days ago

XE Market Analysis: Europe - Oct 31, 2019

By: XE Market Analysis

The dollar has extended its post-Fed declines, which has seen the narrow trade-weighted USD index (DXY) print a one-week high at 97.29. EUR-USD pegged a 10-day high at 1.1170, Cable a one-week high at 1.2944, and AUD-USD a new three-month peak at 0.6929, extending the rise from the major trend lows seen in early October to 3.9%. Read more

about 18 days ago

XE Market Analysis: Asia - Oct 30, 2019

By: XE Market Analysis

FX trade was quiet ahead of the FOMC announcement, though the USD did perk up slightly early in the session following an in-line ADP jobs report, and a better than expected Q3 U.S. GDP outcome. Later, the Dollar traded slightly higher after the Fed cut interest rates by 25 basis points, as was widely expected. Read more

about 19 days ago

XE Market Analysis: North America - Oct 30, 2019

By: XE Market Analysis

Both the dollar and yen ebbed against most other currencies, especially the euro, sterling and the Australian dollar, which have been moderate outperformers so far today. EUR-USD edged out a six-day high at 1.1123, and EUR-JPY posted a six-day peak. Cable also printed a six-day high, at 1.2905, and while GBP-JPY lifted, the cross remained shy of yesterday's highs. Read more

about 19 days ago

XE Market Analysis: Europe - Oct 30, 2019

By: XE Market Analysis

The dollar has been trading softer versus the Australian dollar, euro and sterling, while holding steady in narrow ranges against the yen and Canadian dollar, among other currencies. Political developments in the UK have, 1, put on a general election for December 12, and 2, prevented the spectre of a so-called 'zombie' parliament, with the Labour Party having decided to back down from blocking an election. Read more

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