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XE Market Analysis: Faster US Inflation Supports Rate Hike Concerns

By: xemarketanalysis

OVERVIEW US CPI above forecast in January as yields rise. USD rises on inflation data but then fell on Russia memo concerns. SA Rand rises as ANC put pressure on President Zuma. Japan's economy grew 0.1% in Q4, posting it as the longest continuous expansion since the 1980s. Read more

XE Market Analysis: Asia - Feb 14, 2018

By: XE Market Analysis

Hot U.S. CPI data, and a surge in Treasury yields dod little to help the dollar on N.Y. on Wednesday. While the greenback popped briefly after the data, sellers quicjly stepped in, taking the DXY to eight session lows of 89.07. The U.S. deficit outlook may be behind some of the USD's struggles this week, with massive shortfalls expected following tax and budget legislation. Read more

XE Market Analysis: North America - Feb 14, 2018

By: XE Market Analysis

The dollar rebounded during the London AM session after declining in Asia. Position squaring was reported with market participants eyeing the release of the U.S. CPI data for January, which may have a potentially large bearing on Fed tightening expectations. Read more

XE Market Analysis: Europe - Feb 14, 2018

By: XE Market Analysis

The dollar continued to deflate, led by ongoing and relatively hefty decline in USD-JPY, which has declined for a fifth straight session and is heading into the London AM session with a 0.5% loss on the day so far. The yen's outperformance also continued to weigh on yen crosses, which many are taking as portending further heightened bouts of volatility in global markets, even as most equity markets have taken consolidative tone over the last day. Read more

XE Market Analysis: Asia - Feb 13, 2018

By: XE Market Analysis

The DXY was marginally lower in N.Y. trade on Tuesday, dipping from 89.84 opening highs to 89.61, before heading back to 89.75. Wall Street was soggy through the morning session, though managed a moderate afternoon rally to close higher. Yields were little changed ahead of the key CPI report on Wednesday. Read more

XE Market Analysis: Japanese Yen Hits Five-Month Highs as Markets Remain Nervous

By: xemarketanalysis

OVERVIEW GBP rises after higher UK inflation data. Yen rises over 1%, prompting comments from the government minister. South Africa's President Zuma is recalled by his ANC party and will respond by tomorrow. Global stocks are under pressure as risk aversion is driving FX gains for CHF and JPY. Oil prices are at two-month lows as supply increases seen overtaking demand. HIGHLIGHT The Japanese Yen has risen to a five-month high as investors remain nervous following the heightened levels of volatility seen in global stock markets over the past week. Read more

XE Market Analysis: North America - Feb 13, 2018

By: XE Market Analysis

USD-JPY led broader dollar declines today, which was further aided by a rally in Cable following above-forecast CPI data out of the UK. USD-JPY dove over 1%, more than double the decline the dollar has seen so far versus the euro and other currencies today, in making a five-month low of 107.41. Read more

XE Market Analysis: Europe - Feb 13, 2018

By: XE Market Analysis

The dollar traded mostly lower as the global equity rebound extended in Asia after Wall Street yesterday completed its biggest two-day rebound in just over two years. The U.S. currency has been correlating inversely with global stock market direction of late on the causation that risk-on phases have seen investors divest of dollars and dollar assets in favour of higher yielding opportunities, and vice versa. Read more

XE Market Analysis: Asia - Feb 12, 2018

By: XE Market Analysis

The dollar lost some ground overall in N.Y. trade on Monday, leaving the DXY at lows of 90.19, down from early highs at 90.43. The unwinding of safe-haven dollar buying seen amid the equity meltdown last week came undone to a degree. EUR-USD topped at 1.2290 from opening lows of 1.2235. Read more

XE Market Analysis: Slow Start to the Week in Currency Markets

By: xemarketanalysis

OVERVIEW US Dollar claws back lost ground on stronger equity markets and risk sentiment shift. The Pound lost ground on the transition of uncertainty. South African Rand spikes higher on rumors that the President has agreed to step down. HIGHLIGHT There is no highlight for today's market analysis. Read more

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