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XE Market Analysis: North America - Aug 08, 2018

By: XE Market Analysis

There have been several themes at play so far today, one being a Dollar recovery from lows, another being a sharp decline in the Pound, and another being Yen outperformance. To start with Sterling, as it has been the biggest mover, Cable plunged over a big figure to one-year lows under 1.2875, while the Pound concurrently dove to a nine-month low versus the Euro and an 11-month low against the Yen. Read more

XE Market Analysis: Europe - Aug 08, 2018

By: XE Market Analysis

The Dollar has traded steady to modestly softer so far today. EUR-USD printed a four-session high of 1.1628, and the USD index (DXY) corrected for a second day after rallying for much of the previous week (in the wake of the Fed's upgrade on growth to "strong" from "solid"), though the Dollar remained above the respective lows it saw yesterday against Sterling, the Canadian Dollar and the Australian Dollar. Read more

XE Market Analysis: Asia - Aug 07, 2018

By: XE Market Analysis

The Dollar was on a softer footing early in the N.Y. session on Tuesday, though managed a modest recovery through the morning session. The DXY bottomed at 95.00 early, before recovering to 95.18 highs in relatively light dealings. There was no top tier data to drive the FX market. Read more

XE Market Analysis: North America - Aug 07, 2018

By: XE Market Analysis

The Dollar pulled back today after rallying for much of the last week (since the Fed upgraded its assessment of the U.S. economy to "strong" from "solid" in the June statement). There has been a view in markets that the U.S. currency will tend to firm as trade tensions with China ratchet higher, though the present lift in global stock markets has for now cooled this narrative. Read more

XE Market Analysis: Europe - Aug 07, 2018

By: XE Market Analysis

Narrow ranges have been seen once again on the day so far, as the London interbank takes to its collective seat. EUR-USD has settled back above 1.1550 after posting a six-week low yesterday at 1.1529. AUD-USD has lifted back above 0.7400 on route to edging out a two-session high of 0.7405. Read more

XE Market Analysis: Asia - Aug 06, 2018

By: XE Market Analysis

The Dollar index retreated from over two-week highs of 95.51 seen into the N.Y. open on Monday, later falling back to 95.27 lows. There was no data to move markets, resulting in fairly calm trading conditions in FX, Treasuries, and equities. EUR-USD bottomed at 1.1532, then rallied to 1.1570 into the London close. Read more

XE Market Analysis: Sterling falls to 11 month low against the US Dollar

By: xemarketanalysis

OVERVIEW Sterling weakens on comments from officials that there is a strong risk of a no-deal Brexit. US Dollar rises, continuing two consecutive weeks of gains. Disappointment as German industrial orders dropped to an 18 month low. HIGHLIGHT Sterling falls against the US Dollar and the Euro, after UK Trade Minister Liam Fox suggested the odds are 60-40 that Britain will leave the EU without agreeing any Brexit deal. US DOLLAR The US Dollar continues to rise against a basket of curencies as ongoing trade tensions see a flight into the Greenback, helped also by Brexit concerns and disappointing German data. Read more

XE Market Analysis: North America - Aug 06, 2018

By: XE Market Analysis

The Dollar traded firmer, aided on its way by bearish data and developments affecting a number of other currencies. The USD index (DXY) rallied 0.4% to a six-week high of 95.50. USD-CAD was a mover, popping above 1.3000 after Saudi Arabia froze all trade and investment with Canada in response to Canada's support of detained human rights activists. Read more

XE Market Analysis: Europe - Aug 06, 2018

By: XE Market Analysis

The Canadian Dollar dove after Saudi Arabia expelled Canada's ambassador and froze all trade and investment with Canada. The was a response to Canada's support of detained human rights activists. USD-CAD jumped by nearly 30 pips in the early phase of trading in the Asia-Pacific region, posting a high of 1.3019, before the move ran out of steam. Read more

XE Market Analysis: Asia - Aug 03, 2018

By: XE Market Analysis

The Dollar index pulled back from the two-week highs of 95.37 seen in London, later retreating to 94.99 lows following the softer U.S. jobs report and weaker services ISM. EUR-USD bottomed at 1.1561 at mid morning, though later topped over 1.1600 into the London close. Read more

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