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Xe Market Analysis: US Dollar Catches a Cold and Falls to a 2-week low Against its G-10 Peers

By: xemarketanalysis

OVERVIEW The Dollar Index traded with a negative bias for the second session in a row, down 0.6% amidst concerns over sliding Treasury yields. Sterling is trading stronger as members of Parliament started a debate on a UK-EU withdrawal agreement. NYMEX WTI Crude advanced by 1.80% today ahead of an OPEC meeting. HIGHLIGHT NYMEX WTI continues to advance higher for the second session in a row after touching its lowest level since October 2017. Read more

XE Market Analysis: North America - Dec 04, 2018

By: XE Market Analysis

The main movers today have been the Dollar, which has declined concomitantly with Treasury yields as markets recalibrate the Fed policy outlook, the Yen, which has attracted a safe-haven bid as the U.S.-China "truce" trade faded and global stocks turn lower, and Sterling, which spurted about a big figure higher versus the Dollar on Brexit-related news. Read more

XE Market Analysis: Europe - Dec 04, 2018

By: XE Market Analysis

A risk-back-off theme gripped markets, while a concurrent decline in U.S. Treasury yields has driven Dollar underperformance. This backdrop drove USD-JPY down by over 0.5% as the pair posted a nine-day low at 113.05. EUR-JPY, AUD-JPY and other Yen crosses have concurrently declined, although by a lesser magnitude, as the Japanese currency picked up safe haven demand. Read more

XE Market Analysis: Tariffs Truce Dents Dollar as High Yielders benefit

By: xemarketanalysis

OVERVIEW US Dollar falls as a ceasefire in tariffs is declared between the US and China The Pound dives to five-week lows as Brexit fears intensify Commodity currencies such as the Australian and New Zealand Dollar strength on risk appetite HIGHLIGHT The New Zealand Dollar was one of a basket of currencies to benefit from a US-China trade war truce. Read more

XE Market Analysis: Asia - Dec 03, 2018

By: XE Market Analysis

After rallying into the N.Y. open on Monday, the Dollar pulled back slightly through the session, taking the DXY to a low of 96.88 from 97.14 highs. A stronger than expected Manufacturing ISM briefly supported the Greenback, though has little impact overall. Read more

XE Market Analysis: North America - Dec 03, 2018

By: XE Market Analysis

The Dollar has traded mixed, recovering from intraday losses against the Euro and Sterling, among other currencies, while reversing an Asia-opening gap higher in the case against the Yen, and losing ground to the Dollar bloc and most emerging-market currencies, which outperformed strongly as risk appetite was revived by news that the U.S. Read more

XE Market Analysis: Europe - Dec 03, 2018

By: XE Market Analysis

A risk-on theme drove the higher beta currencies higher, such as the Dollar bloc and emerging market currencies, while weighing on the Yen and Dollar. This came on news that the Trump and Xi came to a truce, with China has agreeing to "reduce and remove" tariffs below 40% on imports of U.S. Read more

XE Market Analysis: Asia - Nov 30, 2018

By: XE Market Analysis

The Dollar firmed in N.Y. on Friday, with short covering ahead of the weekend meeting between Trump and Xi the main driver. A stronger Chicago PMI came to the Greenback's aid as well. The DXY topped at 97.31, up from 96.90 into the open. EUR-USD faded to 1.1307, while USD-JPY peaked at 113.71. Read more

XE Market Analysis: Currency Market Waits for Trade Handshakes at G-20 Gathering

By: xemarketanalysis

OVERVIEW - The Dollar Index is closing November on a solid footing, near a two-month high. - Sterling is trading relatively flat as investors wait for a political storm in Parliament over UK-EU deal. - NYMEX WTI Crude trading 1.60% lower, with a barrel of oil fetching around $50.60 HIGHLIGHT The Mexican Peso slumped for the second session in a row, touching its lowest level against the US Dollar since June. Read more

XE Market Analysis: North America - Nov 30, 2018

By: XE Market Analysis

The Dollar picked up, which sent the USD index (DXY) to a two-day high of 97.01, up from yesterday's one-week low at 93.63. EUR-USD, Cable and AUD-USD to concurrently posted respective intraday lows at 1.1357, 1.2743 and 0.7295. USD-JPY lifted to the mid 113.0s, though the magnitude of movement remained limited. Read more

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