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XE Market Analysis: Asia - Oct 08, 2019

By: XE Market Analysis

The Dollar index rallied to one-week highs in N.Y. on Tuesday, topping at 99.21, and up from 98.86 lows seen immediately following the much cooler than expected U.S. PPI outcome. Safe-haven flows into the USD stepped up following the U.S. blacklisting several Chinese tech companies, blamed for facilitating human rights abuses in China's Xinjiang region. Read more

XE Market Analysis: North America - Oct 08, 2019

By: XE Market Analysis

The dollar has been trading mixed, losing ground to the yen and euro while gaining versus an underperforming pound and the dollar block currencies, which drafted lower as risk appetite dropped away during the European morning session. The yen's habit of inversely tracking stock markets has been on full display today, falling as stocks rose in Asia, where Chinese markets reopened after a week-long hiatus, before firming back as European stock markets turned lower. Read more

XE Market Analysis: Europe - Oct 08, 2019

By: XE Market Analysis

The yen has softened concomitantly with a rise in equity markets in Asia amid cautious risk-on positioning. Chinese markets reopened after a week-long hiatus, and its CSI 300 equity index was showing a 0.9% gain as of the time of writing, while Japan's N-225 closed with just over a 1% gain and Australia's ASX 200 with a 0.5% rise. Read more

XE Market Analysis: Asia - Oct 07, 2019

By: XE Market Analysis

FX trade was quiet in N.Y. on Monday, with major Dollar pairings sticking to narrow ranges. There was no data to move the markets, though comments from White House adviser Kudlow helped USD sentiment when he said the U.S. is open to a short term trade deal with China. Read more

XE Market Analysis: North America - Oct 07, 2019

By: XE Market Analysis

The dollar has been trading on a steady-to-firmer footing, seeing modest gains versus the euro and more pronounced 0.5% advance against the Australian and New Zealand dollars. The yen outperformed, albeit moderately so, which weighed on USD-JPY a little, while AUD-JPY saw losses of over 0..6%. Read more

XE Market Analysis: Europe - Oct 07, 2019

By: XE Market Analysis

AUD-JPY declined as a risk appetite waned, with the good vibes of Friday failing to transfer to Asian markets today, where stock markets continued a sputtering price action (note, Chinese markets are still closed, will reopen tomorrow). A Bloomberg report cited Chinese officials saying that they are increasingly reluctant to agree to a broad trade deal, strengthening market narratives that have been arguing that a limited, and possibly term-limited, trade deal is the most realistic outcome given the course of strategic disengagement that both sides seem to be on. Read more

XE Market Analysis: Asia - Oct 04, 2019

By: XE Market Analysis

The Dollar had a rough week, as softer U.S. data weighed broadly. Friday's jobs report was better than some had expected, though following a brief bounce, the DXY slipped back toward lows of the week. The market has about 100% priced in an October rate cut, which should continue to see the USD struggle going forward. Read more

XE Market Analysis: The Currency Market is Turbulent with US Jobs Data, Fed Speech and Political Tension

By: xemarketanalysis

OVERVIEW The US non-farm payroll numbers weren't as strong as forecast, but a new record low unemployment watermark has been reached Currency investors should look to listen in to Fed Chair Powell's speech if it's not on their calendar already Reception of PM Johnson's revised Brexit separation plan has been tepid at best HIGHLIGHT At 2 PM ET, investors will also tune in to Fed Chair Powell’s speech at the #FedListens online event. Read more

XE Market Analysis: North America - Oct 04, 2019

By: XE Market Analysis

The dollar majors have hunkered down in narrow ranges ahead of the release of the September U.S. non-farm payrolls report, which is being looked upon as having potential to mark an inflection point in the course of world's biggest economy following a slew of recessionary-portending data releases. Read more

XE Market Analysis: Europe - Oct 04, 2019

By: XE Market Analysis

The dollar has settled above yesterday's lows as markets anticipate today's release of the September non-farm payrolls report out of the U.S., which follows a run of recessionary-portending data this week. EUR-USD has ebbed back to the mid-to-upper 1.0900s, below yesterday's 10-day peak at 1.0999, and USD-JPY has settled around 106.75-85, above the one-month low seen yesterday at 106.48. Read more

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