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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

XE Market Analysis: Europe - Jan 07, 2019

By: XE Market Analysis

The Dollar has softened against most currencies today, concomitantly with a decline in U.S. Treasury yields following tempered comments from Fed Chairman Powell, who said the Fed will be patient and flexible in policy decisions. The USD index (DXY) is down 0.3% at 96.0, earlier posting a three-session low at 95.93, while EUR-USD is concurrently up by 0.3%, having flipped back above 1.1400, earlier printing a three-session high at 1.1430. Read more

XE Market Analysis: Asia - Jan 04, 2019

By: XE Market Analysis

The dollar rallied in early N.Y. trade on Friday, following a stellar U.S. December employment report. Later, the Greenback slid lower as Fed chief Powell underscored that the Fed would be patient and flexible with respect to the policy path, and would adjust policy as conditions warranted. Read more

XE Market Analysis: North America - Jan 04, 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

XE Market Analysis: Europe - Jan 04, 2019

By: XE Market Analysis

A reversal of risk-on 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

XE Market Analysis: Asia - Jan 03, 2019

By: XE Market Analysis

The Dollar bounced in N.Y. trade on Thursday following the firmer ADP jobs report, though later fell sharply as the U.S. manufacturing ISM came in much weaker than forecast. The data added another layer of market worry to global growth slowing, while saw the market price out pretty much all 2019 Fed tightenings. Read more

XE Market Analysis: Europe - Jan 03, 2019

By: XE Market Analysis

The Yen has strengthened sharply, driven by safe haven demand following Apple's after-hours revenue warning, which has sent U.S. equity futures down sharply while weighing on Asian markets. AUD-JPY has been the biggest mover, and is showing a 1.8% loss despite having lifted out of its lows. Read more

XE Market Analysis: Asia - Jan 02, 2019

By: XE Market Analysis

The Dollar rallied in N.Y. on the first trading day of the year, taking the DXY to 96.88 highs, up from 96.27 into the open. Safe-haven flows were behind the Greenback's gains early on, as Wall Street opened sharply lower on the back of China growth concerns. Read more

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