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Xe Market Analysis: Dollar Retreats as Powell eyes more gradual rate hikes

By: xemarketanalysis

OVERVIEW The US Dollar weakened as investors search Fed Chair Powell's speech for clues on rate hikes, more gradual hikes now expected. Sterling rose off of two-week lows only to be struck down by Bank of England Brexit forecasts The Canadian Dollar bounced off a 5-month low as the US, Canada and Mexico prepare to sign the USMCA trade agreement. HIGHLIGHT The US Dollar hit a 5-month high against the Canadian Dollar today as the Loonie touched its weakest level since June 28th. Read more

XE Market Analysis: North America - Nov 28, 2018

By: XE Market Analysis

The Dollar has continued to trade mixed, posting a two-week high versus both the Euro and Yen before retreating, while losing ground to a generally firmer Pound today, and the Australian and New Zealand Dollars. EUR-USD recouped to the upper 1.1200s after printing a two-week low at 1.1267. Read more

XE Market Analysis: Europe - Nov 28, 2018

By: XE Market Analysis

Yen softness has been the main theme so far today, with most Dollar pairings remaining in narrow ranges and comfortably within yesterday's ranges. EUR-USD has retained a heavy tone, ebbing back under 1.1300, though remaining above the two-week low posted yesterday at 1.1277, which was seen after Trump threatened to a blanket rise in car import tariffs to the U.S. Read more

XE Market Analysis: Asia - Nov 27, 2018

By: XE Market Analysis

The Dollar advanced some overall in morning trade on Tuesday, later giving back some of its gains. The DXY topped at twp-week highs of 97.50 before easing to to 97.31 lows. Softer U.S. consumer confidence briefly dented the dollar. Wall Street was down most of the session, though managed a comeback after NEC Director Kudlow said there is "a good possibility a deal can be made" with China on trade. Read more

XE Market Analysis: North America - Nov 27, 2018

By: XE Market Analysis

The Dollar has traded steady-to-firmer, managing gains versus the Euro and Yen, and an underperforming Pound, while posting modest losses to the Aussie Dollar and holding steady versus the Canadian Dollar. Cable shed over 0.5% in pegging a 23-day low at 1.2733, while EUR-GBP lifted to four-session highs. Read more

XE Market Analysis: Europe - Nov 27, 2018

By: XE Market Analysis

Sterling has come under pressure ahead of the London interbank open, with Cable having pegged a five-session low at 1.2769 and EUR-GBP rising to three-session highs. Some are blaming Trump's remarks yesterday about the UK not being able to negotiate a trade deal with the U.S. Read more

XE Market Analysis: Asia - Nov 26, 2018

By: XE Market Analysis

The Dollar started the N.Y. session on a softer footing, though spent the morning session moving higher, taking the DXY to seven-session highs of 97.07, and up from 96.71 early on. There was little data to drive the market, though the Dallas Fed index fell more than expected. Read more

XE Market Analysis: Euro steadies as Italy rumoured to yield to EU Demands

By: xemarketanalysis

OVERVIEW Euro holds firm against the US Dollar as a solution to Italy's budget deficit challenges are thrashed out The Pound stays steady as PM May faces her first questions of the week The Canadian dollar strengthens as Oil rebounds by as much as 2.7% HIGHLIGHT The Euro gained today against the Pound as Italy was said to make concessions over their budget deficit. Read more

XE Market Analysis: North America - Nov 26, 2018

By: XE Market Analysis

The Dollar came under broad pressure against most currencies, particularly the Dollar bloc units, which underperformed amid a rebound in global stocks and oil prices. Yen underperformance lifted USD-JPY, however, as the Japanese currency shed some of its safe haven premium. Read more

XE Market Analysis: Europe - Nov 26, 2018

By: XE Market Analysis

Both the Dollar and Yen lose ground to most other currencies, especially the Dollar bloc currencies, which rebounded concurrently with a revival in risk appetite, with oil prices staging a partial rebound of last week's sharp losses and equity markets rising. Read more

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