Home > XE Currency Blog > XE Currency Blog - Market Analysis & Forex News
The Dollar nose-dived to seven-session lows in N.Y. trade on Thursday, the move coming in the aftermath of a big miss in the services ISM. The DXY fell from 99.06 highs at the open, to 98.65 lows, before recovering slightly. The weaker data ramped up recession fears and prospects for another Fed rate cut in October, both detrimental to the USD. Read more
OVERVIEW British Parliamentarians, citizens and expats all eagerly await the response from the EU on PM Johnson's revised separation proposal Consumers steel themselves to learn what EU products will have US tariffs applied to them US consumer confidence slips HIGHLIGHT Financial markets are bracing themselves for a new wave of trade taxes from the US on EU products. Read more
OVERVIEW British Parliamentarians, citizens and expats all eagerly await the response from the EU on PM Johnson's revised separation proposal Consumers steel themselves to learn what EU products will have US tariffs applied to them US consumer confidence slips HIGHLIGHT Financial markets are bracing themselves for a new wave of trade taxes from the US on EU products. Read more
The dollar found a footing, paring losses after seeing fresh lows against the euro and yen. The Swiss franc underperformed notably, and was showing losses of around 0.5% at its lows against the dollar, euro and yen. Suspicions of SNB intervention abounded. Read more
The dollar has steadied after descending against most of the other main currencies amid a deepening sense that the U.S. economy is in the grip of significant slowdown, if not heading to a recession. There was still some price dynamics to note, with USD-CAD, one of the few pairings where the U.S. Read more
The Dollar pulled back in N.Y. on Wednesday, taking the DXY to 98.96 lows from 99.41 into the U.S. open. Recession fears following weak manufacturing ISM on Tuesday and not exactly stellar ADP jobs report saw stocks, Treasury yields, and the USD all take a trip lower. Read more
OVERVIEW US Dollar regains stability after taking an overnight dip PM Johnson unveils a final Brexit separation proposal ahead of the October 31st cliff date. The Canadian dollar remains stable as GDP remains steady HIGHLIGHT There is growing concern that US economic growth could be coming to a halt. Read more
A dollar has been trading mixed against a backdrop of global stock market declines. USD-JPY printed a six-day low at 107.55, extending the correction after the pair yesterday matched the two-month high seen in mid September at 108.47. EUR-USD, meanwhile, held steady after yesterday lifting out of the 28-month low at 1.0879 following the big miss in the U.S. Read more
Sterling has come under moderate pressure into the London interbank opening, though has remained above yesterday's lows. Brexit is finally coming to a head, with Prime Minister Johnson set to send Brussels his government's final proposals. He has already stated that if the EU does not agree to discuss them that he will refuse to negotiate further. Read more
The Dollar was higher in early N.Y. trade on Tuesday, leaving the DXY at a better than two-year peak of 99.67. Gains were not to last however, as a 10-year low U.S. manufacturing ISM took the wind out of the buck's sails in a hurry. The ISM fell to 10-year lows of 47.8, causing a broad Dollar sell-off, and sliding equities and yields. Read more
