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XE Market Analysis: Sterling falls to 11 month low against the US Dollar

By: xemarketanalysis

OVERVIEW Sterling weakens on comments from officials that there is a strong risk of a no-deal Brexit. US Dollar rises, continuing two consecutive weeks of gains. Disappointment as German industrial orders dropped to an 18 month low. HIGHLIGHT Sterling falls against the US Dollar and the Euro, after UK Trade Minister Liam Fox suggested the odds are 60-40 that Britain will leave the EU without agreeing any Brexit deal. US DOLLAR The US Dollar continues to rise against a basket of curencies as ongoing trade tensions see a flight into the Greenback, helped also by Brexit concerns and disappointing German data. Read more

XE Market Analysis: North America - Aug 06, 2018

By: XE Market Analysis

The Dollar traded firmer, aided on its way by bearish data and developments affecting a number of other currencies. The USD index (DXY) rallied 0.4% to a six-week high of 95.50. USD-CAD was a mover, popping above 1.3000 after Saudi Arabia froze all trade and investment with Canada in response to Canada's support of detained human rights activists. Read more

XE Market Analysis: Europe - Aug 06, 2018

By: XE Market Analysis

The Canadian Dollar dove after Saudi Arabia expelled Canada's ambassador and froze all trade and investment with Canada. The was a response to Canada's support of detained human rights activists. USD-CAD jumped by nearly 30 pips in the early phase of trading in the Asia-Pacific region, posting a high of 1.3019, before the move ran out of steam. Read more

XE Market Analysis: Asia - Aug 03, 2018

By: XE Market Analysis

The Dollar index pulled back from the two-week highs of 95.37 seen in London, later retreating to 94.99 lows following the softer U.S. jobs report and weaker services ISM. EUR-USD bottomed at 1.1561 at mid morning, though later topped over 1.1600 into the London close. Read more

XE Market Analysis: US Economy Continues to Abracadabra Strong Job Numbers

By: xemarketanalysis

OVERVIEW The unemployment rate fell to an 18-year low at 3.9%. Sterling continues to lose its shine on Brexit no-deal concerns. WTI bounced from week-lows on geopolitical risks. HIGHLIGHT The Mexican Peso has been a top Latin American performer this quarter. Read more

XE Market Analysis: North America - Aug 03, 2018

By: XE Market Analysis

EUR-USD fell to a five-week low at 1.1561 after the final reading of the Eurozone July services PMI was unexpectedly revised down, to 54.2. The Dollar has also been holding generally firm, as it has done since the Fed upgraded its assessment of the U.S. Read more

XE Market Analysis: Europe - Aug 03, 2018

By: XE Market Analysis

Narrow ranges have prevailed for the most part, though themes of Yen weakness and Aussie Dollar firmness have been evident, while EUR-USD managed to edge out a fresh two-week low at 1.1581. USD-JPY lifted to the upper 111.0s, reflecting a broadly softer Yen today as global stock markets stabilize. Read more

XE Market Analysis: Asia - Aug 02, 2018

By: XE Market Analysis

The Dollar index rallied to two-week highs of 95.09 in N.Y. on Thursday, buoyed by in-line jobless claims and factory orders ahead of what is expected to be a solid July employment report on Friday. EUR-USD fell to 1.1596 from highs of 1.1632 at mid-morning. Read more

XE Market Analysis: Sterling Weakens After BoE Meeting

By: xemarketanalysis

OVERVIEW Sterling falls against the US Dollar and the Euro following BoE meeting. US Dollar strengthens against a basket of currencies as trade tensions flare up. The Euro remained stable today as focus on BoE. HIGHLIGHT Sterling falls against the US Dollar and the Euro, despite a 25bps rate hike from the BoE. Read more

XE Market Analysis: North America - Aug 02, 2018

By: XE Market Analysis

USD-JPY has turned lower amid a sharpening risk-off vibe amid a sentiment-souring ratcheting-up in Sino-U.S. trade tensions. The Trump administration confirmed that it is considering rising tariffs on $200 bln worth of Chinese imports, seen as a bargaining ploy by Trump ahead of Washington and Beijing's return to the negotiating table, though China returned fire today by accusing the U.S. Read more

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