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XE Market Analysis: USD Falls to October Lows Over Trade Talks with China

By: xemarketanalysis

OVERVIEW US Dollar weakens trade talks wrap up for the week between the US & China with no apparent winner. The Canadian dollar has strengthened today as the Bank of Canada leaves interest rates on hold. Sterling mixed as PM May suffers setback ahead of Tuesday's parliamentary vote on Brexit. Read more

XE Market Analysis: North America - Jan 09, 2019

By: XE Market Analysis

The Dollar has been trading on a softer tack so far today, posting fresh lows in the cases against the Dollar bloc currencies, which have outperformed amid a backdrop of firmer crude and global equity markets, while still holding below recent lows versus other currencies. Read more

XE Market Analysis: Europe - Jan 09, 2019

By: XE Market Analysis

The Dollar has been trading on a softer tack so far today, posting fresh lows in the cases against the Canadian and Australian Dollars, which have outperformed amid a backdrop of firmer crude and global equity markets, while still holding below recent lows versus other currencies. Read more

XE Market Analysis: Asia - Jan 08, 2019

By: XE Market Analysis

The Dollar advanced modestly in early N.Y. trade on Tuesday, taking the DXY to 96.03 highs from 95.71 lows. Sentiment was buoyed by U.S.-China trade talks, which appear to be making some progress. The two sides added an extra day of negotiations on Wednesday. Read more

XE Market Analysis: The US Dollar is Vulnerable to the Ongoing US Government Shutdown

By: xemarketanalysis

OVERVIEW The greenback tries to recover from its lowest levels in four weeks, up by 0.30% Investors are becoming optimistic about China-US trade talks, and are moving their funds out of safe haven assets. Gold is down by 0.60%. A barrel of NYMEX WTI Crude consolidates near a three-week high. HIGHLIGHT The greenback is in recovery mode this morning, trading 0.35% higher versus the major currencies. Read more

XE Market Analysis: North America - Jan 08, 2019

By: XE Market Analysis

The Dollar has traded moderately firmer against most currencies. The main exception was the Canadian Dollar, which outperformed on the back of continued firmness in oil prices. USD-CAD, now in its fifth consecutive day of descent, posted a one-month low at 1.3267. Read more

XE Market Analysis: Europe - Jan 08, 2019

By: XE Market Analysis

The Dollar has traded firmer, recouping some of the ground lost yesterday, with market participants eyeing the upcoming release of the latest JOLTS and consumer credit reports later today, both of which are likely affirm the U.S. labour market as being in rude health. Read more

XE Market Analysis: Asia - Jan 07, 2019

By: XE Market Analysis

The Dollar traded lower in N.Y. on Monday, taking the DXY to two-plus month lows of 95.64. A softer than expected services ISM had little impact. Wall Street was higher on hopes for trade progress between the U.S. and China. EUR-USD ranged between 1.1439 and 1.1486, while USD-JPY peaked at 108.68, bucking the trend, as risk-on conditions prevailed. Read more

XE Market Analysis: US Dollar Falls as Fed Expected to Pause Rate Hikes

By: xemarketanalysis

OVERVIEW US Dollar weakens as Fed expected to halt rate hikes The Canadian dollar rises to 4-week high as oil prices rebound Sterling gains ground before crucial Parliamentary Brexit vote HIGHLIGHT The Canadian Dollar touched its strongest level since mid-December today as oil rose by 1.3%. Read more

XE Market Analysis: North America - Jan 07, 2019

By: XE Market Analysis

A reversal of risk-off positioning has seen the yen underperform, while currencies with higher beta characteristics, such as the Australian dollar and other dollar bloc units, and developing world currencies, have outperformed most other currencies. The Dollar itself has traded mixed, on net, and EUR-USD settled to an oscillation of the 114.00 level. Read more

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