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XE Market Analysis: Asia - Sep 19, 2013

By: XE Market Analysis

The dollar stayed soft in morning trade, though managed to pick up some ground as the session continued. With the euro and pound in particular unable to take out overnight highs, EUR-USD and GBP-USD faded some in early afternoon dealings. USD-JPY was an exception, and remained firmer through the day, largely as flows out of yen and into emerging markets weighed on the yen. Read more

XE Market Analysis: North America - Sep 19, 2013

By: XE Market Analysis

The dollar added further to post-Fed losses in Europe. Currencies that were most sensitive to the revival in risk appetite outperformed. The commodity bloc currencies were buoyant, leaving AUD over 0.9500 and USD-CAD under 1.0300 as Nymex crude held above $108 and gold was supported ahead of $1360. Read more

XE Market Analysis: Europe - Sep 19, 2013

By: XE Market Analysis

The dollar is consolidating after it posted very deep losses on the surprise unchanged Fed decision. It gave fresh life to risk assets and emerging markets, which had suffered on prior taper risks. The downturn in U.S. yields weighed heavily on USD-JPY in N.Y. Read more

XE Market Analysis: Asia - Sep 18, 2013

By: XE Market Analysis

The greenback was quiet into the FOMC announcement on Wednesday, sticking to a narrow range, though with a softer tilt through the morning, where building consensus for a modest $10 bln Fed taper saw the market position to the short USD side of the ledger. Read more

XE Market Analysis: North America - Sep 18, 2013

By: XE Market Analysis

Activity was light over the course of the Asia and European session. However, there was some pre-Fed price chop. The standout flows went through JPY, which was boosted by option related flows via USD-JPY amid large expiries at 99.00 and 98.75, along with Middle Eastern account supply in EUR-JPY from 132.50 through 132.00. Read more

XE Market Analysis: Europe - Sep 18, 2013

By: XE Market Analysis

The was no interest to take on fresh positions ahead of today's FOMC outcome. This left the G10 inside familiar trading ranges. EUR-USD remained near the 1.3350 region, Cable traded close to 1.5900, USD-JPY traded in front of 99.00 and AUD-USD moved quietly either side of 0.9350. Read more

XE Market Analysis: Asia - Sep 17, 2013

By: XE Market Analysis

FX Trade was again very quiet in N.Y. on Tuesday, as many hunkered down ahead of Wednesday' FOMC announcement and press conference. EUR-USD was held to a 1.3337 t o1.3369 range, as USD-JPY langusied inside of 99.06 to 99.38. Tame August CPI weighed onthe greenback marginally, while July TIC data, and housing price indicators had little impact. Read more

XE Market Analysis: North America - Sep 17, 2013

By: XE Market Analysis

The FX majors consolidated overnight as the focus turns to Wednesday's FOMC policy outcome. Some form of tapering is priced in, as well as dovish forward guidance. The Larry Summers withdrawal from the Fed chair candidacy also raises the prospect of a Yellen appointment, which is viewed as more likely to result in a gradual withdrawal of policy stimulus. Read more

XE Market Analysis: Europe - Sep 17, 2013

By: XE Market Analysis

The FX majors consolidated overnight as the focus turns to Wednesday's FOMC policy outcome. Some form of tapering is priced in, as well as dovish forward guidance. The Larry Summers withdrawal from the Fed chair candidacy also raises the prospect of a Yellen appointment, which is viewed as more likely to result in a gradual withdrawal of policy stimulus. Read more

XE Market Analysis: Asia - Sep 16, 2013

By: XE Market Analysis

Fallout from Larry Summers' withdrawal from Fed chairman consideration faded through the N.Y. session, as the dollar clawed back some of its overnight losses. Equities and Treasuries maintained a good chunk of their gains though, as markets pondered Fed tapering under Janet Yellen's helm. Read more

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