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XE Market Analysis: Asia - Mar 07, 2019

By: XE Market Analysis

The Dollar index soared to nearly three-month highs in N.Y. on Thursday, following a dovish ECB announcement and press conference, and sharply lowered EU growth forecasts. This saw EUR-USD fall to 21-month lows of 1.1206, down from opening levels over 1.1310. Read more

XE Market Analysis: North America - Mar 07, 2019

By: XE Market Analysis

The Dollar index largely traded sideways overnight, below Tuesday's two-week high. Risk taking levels have headed lower. This backdrop hasn't led to a strong safe-haven theme in the forex markets, though moderate Yen strength has been seen, pushing USD-JPY to a one-week low of 111.57. Read more

XE Market Analysis: Europe - Mar 07, 2019

By: XE Market Analysis

The Dollar majors have held narrow ranges so far today amid a backdrop of deteriorating risk appetite in global markets. The S&P 500 closed on Wall Street yesterday with a 0.7% loss, and futures of the index are showing a further 0.3% decline in overnight trading. Read more

XE Market Analysis: Asia - Mar 06, 2019

By: XE Market Analysis

The Dollar was relatively steady in N.Y. trade on Wednesday, with the DXY posting an "inside day". A wider trade deficit and lower Treasury yields weighed on the USD slightly in early trade, though EUR-USD bucked the trend, falling to session lows as talk of a sharp cut to the ECB's economic forecasts at Thursday's ECB meeting made the rounds. Read more

XE Market Analysis: North America - Mar 06, 2019

By: XE Market Analysis

The Dollar has been trading steady-to-firm, consolidating in the case against the Euro off the two-week highs seen yesterday, while posting fresh highs against the Canadian buck and the Australian Dollar, the latter of which took a hammering following sub-forecast Australian GDP data. Read more

XE Market Analysis: Europe - Mar 06, 2019

By: XE Market Analysis

The Dollar has continued to hold generally firm, posting gains versus a sharply weaker Australia Dollar, which was hit by a miss in Australian GDP data, and printing a new two-month high versus the Canadian Dollar while holding near highs seen against the Euro and Sterling, among other currencies, yesterday. Read more

XE Market Analysis: Asia - Mar 05, 2019

By: XE Market Analysis

The DXY rallied to fresh two-week highs in N.Y. on Tuesday, topping at 97.01 following strong U.S. housing and services ISM data. The index had bottomed at 96.73 early in the session, and later pulled back under 96.90. USD-JPY printed fresh trend highs of 112.13, after bottoming at 111.79, though it gave up some gains into the close. Read more

XE Market Analysis: The Canadian Loonie Drops to a Six-Week Low Ahead of Bank of Canada Meeting

By: xemarketanalysis

Dollar-yen remains in consolidation mode near an 11-week top, just below the 112 handle. Market participants wait for more concrete development over the US-China trade talks and NFP data for directional moves. The USD remains in a strong position despite calls from the President for a softer dollar.OVERVIEW The strong greenback is trading near a two-week high against other major currencies. GBP/USD moved south with growing uncertainty over the outcome of the second meaningful vote. NYMEX WTI Crude regained 45 cents to climb above $57.00 a barrel, ignoring lower growth forecast from China. HIGHLIGHT The Canadian dollar continues to remain under pressure, losing nearly 2% of its value since the start of the year. Read more

XE Market Analysis: Canadian loonies Drops to A Six-Week Low Ahead of Bank of Canada Meeting

By: xemarketanalysis

OVERVIEW The strong greenback is trading near a two-week high against other major currencies. GBP/USD moved south with growing uncertainty over the outcome of the second meaningful vote. Read more

XE Market Analysis: North America - Mar 05, 2019

By: XE Market Analysis

The Dollar has remined generally underpinned, although holding within previous-day ranges against most currencies. EUR-USD settled above the two-week low the pair printed yesterday, at 1.1309. Yesterday's soft construction spending data out of the U.S. Read more

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